Home » Rational Expectations and the New Macroeconomics
Product Image

Rational Expectations and the New Macroeconomics

Patrick Minford
€61.50
Quantity:
In stock with our UK publisher. 14-28 days
Delivery/Collection within 10-20 working days
14 days return policy Shipping & Delivery
A01=Patrick Minford
author
author sets
Author_Patrick Minford
Category=KCB
economy
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
methods
phillips curve
policy analysis
rational expectations hypothesis
rational expectations macroeconomics
re models
reh
reh research programme
representatitve agent models
stabilization policy
text

Product details

  • ISBN 9780631177883
  • Weight: 397g
  • Dimensions: 155 x 223mm
  • Publication Date: 23 Jul 1992
  • Publisher: John Wiley and Sons Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
Secure checkout Fast Shipping Easy returns
Description
Rational Expectations Macroeconomics is the second edition of Rational Expectations and the New Macroeconomics by Patrick Minford and David Peel. Under the sole authorship of Profesor Minford, this new dition represents a practical introduction to the principles and applications of rational expectations (RE) methods in macroeconomics for third year undergraduates and postgraduates.

The author sets out to provide a basic working knowledge of the Rational Expectations Hypothesis (REH) by demonstrating in full various methods for solving RE models. The book then deals with policies and issues frequently encountered when applying these models including: stabilization policy, fiscal policy, the political economy of democracy and the Phillips curve. Finally, the author turns to methods of testing the REH. By the end of the book, students should be in a position to apply RE models to whatever economy they are concerned with. Professor Minford has updated the text extensively and included new chapters on representatitve agent models (increasingly used in a applied forecasting and policy analysis) and modelling the open economy.

In the decade since the first edition of this classic text was written, the economics profession's respect for the REH has only increased. The author's introductory and concluding chapters place the REH research programme in its historical context, assess the current state of the debate and look ahead to future research in this important subject.
About Patrick Minford
Patrick Minford is Edward Gonner Professor of Applied Economics at the University of Liverpool and one of the UK's leading exponents of Rational Expectations Macroeconomics. He is author of Unemployment Cause and Cure (Blackwell Publishers, 1986).

More from this author