Sargent, Thomas J.

Rational Expectations and Inflation

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ISBN 13:
9780691158709
author:
Sargent, Thomas J.
format:
HardBack
publisher:
Princeton University Press
language:
English
Publication Year:
2013
Pages:
280
Dimensions:
23.93 x 16.64 x 2.9 centimetres
Genre:
Business, Business, Economics,
Condition:
New
Availability:
Item usually sent within 10 working days
£44.33

Description

Rational Expectations and Inflation Third Edition by Thomas J. Sargent is a comprehensive exploration of how governments anticipate and plan for inflation. This fully expanded edition includes Sargent's 2011 Nobel lecture, "United States Then, Europe Now," as well as new articles on the macroeconomics of historical events and government budget deficits. Sargent examines the challenges of applying rational expectations theory to macroeconomics and econometrics, drawing on historical examples such as the French Revolution and the economic policies of Margaret Thatcher and Ronald Reagan. He argues that there is no purely monetary cure for inflation, and that monetary and fiscal policies must be coordinated to address this issue. This third edition of Rational Expectations and Inflation provides a detailed analysis of the relationship between government policy and inflation, making it a valuable resource for economists and policymakers.

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