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Rational Expectations in Macroeconomic Models

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It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future.

Författare
Fisher P.
ISBN
9789048141883
Språk
engelska
Vikt
281 gram
Utgivningsdatum
2010-12-03
Förlag
Springer
Sidor
211