Monetary Policy and Rational Expectations |
|
| Author:
| Macesich, George |
| ISBN: | 978-0-275-92327-3 |
| Publication Date: | Mar 1987 |
| Publisher: | Bloomsbury Publishing USA
|
| Imprint: | Praeger |
| Book Format: | Hardback |
| List Price: | USD $75.00 |
Book Description:
|
This book puts forward the view that rational expectations have a key role in formulating economic policy and in determining economic activity, prices, interest rates, and employment rates. Arguing that economic policy crucially depends upon expectations about future government policies, the author supports his thesis by drawing on monetary theory as well as on the actual experiences of several post-World War II countries.
This book puts forward the view that rational expectations have a key role in formulating economic policy and in determining economic activity, prices, interest rates, and employment rates. Arguing that economic policy crucially depends upon expectations about future government policies, the author supports his thesis by drawing on monetary theory as well as on the actual experiences of several post-World War II countries.