Patrick Minford
Rational expectations macroeconomics
- ISBN 13:
- 9780631177883
- author:
- Patrick Minford
- format:
- Paperback
- publisher:
- John Wiley & Sons
- language:
- English
- Publication Year:
- 1992
- Pages:
- 260
- Dimensions:
- 23 x 15.4 x 1.8 centimetres (0.4
- Genre:
- Business, Economics, Macroeconomics,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Rational Expectations Macroeconomics: An Introductory Handbook by Patrick Minford provides a practical introduction to the principles and applications of rational expectations methods in macroeconomics. This updated edition covers various methods for solving rational expectations models, including stabilization policy, fiscal policy, and the political economy of democracy. The book also explores policies and issues frequently encountered when applying these models, such as the Phillips curve. Additionally, Professor Minford discusses methods of testing the Rational Expectations Hypothesis, enabling students to apply RE models to any economy they are concerned with. The text has been updated extensively to include new chapters on representative agent models and modelling the open economy. By the end of this book, readers should have a basic working knowledge of the Rational Expectations Hypothesis and be able to apply RE models in various economic contexts.