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A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient-Markets Models

A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient-Markets Models

Paperback

Series: National Bureau of Economic Research Monograph

Economics

ISBN10: 0226531872
ISBN13: 9780226531878
Publisher: Univ Of Chicago Pr
Published: Jan 1 1986
Pages: 179
Weight: 0.40
Height: 0.43 Width: 5.88 Depth: 8.94
Language: English
A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.

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Economics