rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Rational Expectations in Macroeconomic Models
  name:
    name part: Fisher, Paul.
    role:
      role term: creator
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  genre: Electronic books.
  origin info:
    place:
      place term: ne
    date issued: 1992
    issuance: monographic
  language:
    language term: eng
  physical description:
    reformatting quality: access
    form: remote
    extent: 1 online resource (viii, 214 pages)
  abstract: 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. In principle, one can perform the same technical exercises on a forward expectations model as on a conventional model -- and more! 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.
  note: by Paul Fisher.
  note: Electronic resource.
  subject:
    topic: Economics
  subject:
    topic: Mathematical optimization
  subject:
    topic: Econometrics
  subject:
    topic: Macroeconomics
  subject:
    topic: Econometrics
  subject:
    topic: Economics
  subject:
    topic: Macroeconomics
  subject:
    topic: Mathematical optimization
  classification: HB139-141
  classification: 330.015195
  related item:
    title info:
      title: Advanced studies in theoretical and applied econometrics ; 26
  identifier: 9789401580021 (electronic bk.)
  identifier: 9401580022 (electronic bk.)
  identifier: 9789048141883
  identifier: 9048141885
  identifier: 9401580022
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: AU@
    record creation date: 130321
    record change date: 20260422180442.7
    record identifier: in00003562749
    language of cataloging:
      language term: eng