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Part of the book series: Advanced Studies in Theoretical and Applied Econometrics (ASTA, volume 26)
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Table of contents (9 chapters)
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Front Matter
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Back Matter
About this book
Rational Expectations in Macroeconomic Models deals with the numerical methods necessary to carry out policy analysis and forecasting with these models. These methods are often passed on by word of mouth or confined to obscure journals.
Rational Expectations in Macroeconomic Models brings them together with applications which are interesting in their own right. There is no comparable textbook in the literature.
The specific subjects include: (i) solving for model consistent expectations; (ii) the choice of terminal condition and time horizon; (iii) experimental design: i.e., the effect of temporary vs permanent, anticipated vs. unanticipated shocks; deterministic vs. stochastic, dynamic vs. static simulation; (iv) the role of exchange rate; (v) optimal control and inflation-output tradeoffs. The models used are those of the Liverpool Research Group in Macroeconomics, the London Business School and the National Institute of Economic and Social Research.
Reviews
Journal of Economics
Authors and Affiliations
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Economics Division, Bank of England, UK
Paul Fisher
Bibliographic Information
Book Title: Rational Expectations in Macroeconomic Models
Authors: Paul Fisher
Series Title: Advanced Studies in Theoretical and Applied Econometrics
DOI: https://doi.org/10.1007/978-94-015-8002-1
Publisher: Springer Dordrecht
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eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media Dordrecht 1992
Hardcover ISBN: 978-0-7923-1903-0Published: 31 August 1992
Softcover ISBN: 978-90-481-4188-3Published: 03 December 2010
eBook ISBN: 978-94-015-8002-1Published: 17 April 2013
Series ISSN: 1570-5811
Series E-ISSN: 2214-7977
Edition Number: 1
Number of Pages: VIII, 211
Topics: Econometrics, Macroeconomics/Monetary Economics//Financial Economics, Calculus of Variations and Optimal Control; Optimization