Rational Expectations |
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Author:
| Sheffrin, Steven M. |
Contribution by:
| Pencavel, John |
Series title: | Cambridge Surveys of Economic Literature Ser. |
ISBN: | 978-0-521-47939-4 |
Publication Date: | Jun 1996 |
Publisher: | Cambridge University Press
|
Book Format: | Paperback |
List Price: | USD $52.99 |
Book Description:
|
In recent years, economists have developed models in which individuals form expectations of key variables in a 'rational' manner such that these expectations are consistent with actual economic environments. This book develops the idea of rational expectations and surveys its use in economics today.
In recent years, economists have developed models in which individuals form expectations of key variables in a 'rational' manner such that these expectations are consistent with actual economic environments. This book develops the idea of rational expectations and surveys its use in economics today.