Download or read book Assessing Rational Expectations written by R. Guesnerie and published by Mit Press. This book was released on 2001 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis (REH).
Download or read book Assessing Rational Expectations 2 written by Roger Guesnerie and published by MIT Press. This book was released on 2005-02-18 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical assessment of the Rational Expectations Hypothesis through subjecting a collection of economic models to an "eductive stability" test. The rational expectations hypothesis (REH) dominates economic modeling in areas ranging from monetary theory, macroeconomics, and general equilibrium to finance. In this book, Roger Guesnerie continues the critical analysis of the REH begun in his Assessing Rational Expectations: Sunspot Multiplicity and Economic Fluctuations, which dealt with the questions raised by multiplicity and its implications for a theory of endogenous fluctuations. This second volume emphasizes "eductive" learning: relying on careful reasoning, agents must deduce what other agents guess, a process that differs from the standard evolutionary learning experience in which agents make decisions about the future based on past experiences. A broad "eductive" stability test is proposed that includes common knowledge and results in a unique "rationalizable expectations equilibrium." This test provides the basis for Guesnerie's theoretical assessment of the plausibility of the REH's expectational coordination, emphasizing, for different categories of economic models, conditions for the REH's success or failure. Guesnerie begins by presenting the concepts and methods of the eductive stability analysis in selected partial equilibrium models. He then explores to what extent general equilibrium strategic complementarities interfere with partial equilibrium considerations in the formation of stable expectations. Guesnerie next examines two issues relating to eductive stability in financial market models, speculation and asymmetric price information. The dynamic settings of an infinite horizon model are then taken up, and particular standard and generalized saddle-path solutions are scrutinized. Guesnerie concludes with a review of general questions and some "cautious" remarks on the policy implications of his analysis.
Download or read book The Evolving Rationality of Rational Expectations written by Esther-Mirjam Sent and published by Cambridge University Press. This book was released on 1998-08-13 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the historical evolution of rational expectations by focusing on the changing ideas of Thomas Sargent.
Download or read book The Rational Expectations Hypothesis written by Ivan H. Ayala and published by . This book was released on 2014 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Assessing Rational Expectations written by Roger Guesnerie and published by MIT Press. This book was released on 2001-04-13 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis (REH). In this book Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis (REH). He focuses on the multiplicity question that arises in (infinite horizon) Rational Expectation models and considers the implications for a theory of endogenous fluctuations. The REH, which dominates the economic modeling of expectations in most fields of formalized economic theory, is often associated with an optimistic view of the working of the markets—a view that Guesnerie scrutinizes closely. The book is divided into four parts. The first part uses the framework of simple models to characterize the stochastic processes that trigger self-fulfilling prophecies and examines the connections between periodic equilibria (cycles) and stochastic equilibria (sunspots). (A sunspot is a random shock uncorrelated with underlying economic fundamentals.) The second part views sunspot equilibria as overreactions triggered by small variations of intrinsic variables—rather than as fluctuations with no trigger—and looks at the consequences for a monetary theory à la Lucas. The third part develops the basic theory to encompass more complex, multidimensional systems. It focuses in particular on the special class of equilibria generating small fluctuations around a steady state. Broadening the scope, the fourth part looks at the stability of cycles, sunspots in systems with memory, and current research on rational expectations.
Download or read book Assessing Rational Expectations 2 written by R. Guesnerie and published by Mit Press. This book was released on 2005 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical assessment of the Rational Expectations Hypothesis through subjecting a collection of economic models to an "eductive stability" test.
Download or read book Rational Expectations written by Gerardus Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2018-01-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: What potential environmental factors impact the Rational expectations effort? Will team members perform Rational expectations work when assigned and in a timely fashion? What are the Key enablers to make this Rational expectations move? Is Rational expectations linked to key business goals and objectives? In the case of a Rational expectations project, the criteria for the audit derive from implementation objectives. an audit of a Rational expectations project involves assessing whether the recommendations outlined for implementation have been met. in other words, can we track that any Rational expectations project is implemented as planned, and is it working? Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role... In EVERY company, organization and department. Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?' This Self-Assessment empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Rational expectations investments work better. This Rational expectations All-Inclusive Self-Assessment enables You to be that person. All the tools you need to an in-depth Rational expectations Self-Assessment. Featuring 698 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Rational expectations improvements can be made. In using the questions you will be better able to: - diagnose Rational expectations projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices - implement evidence-based best practice strategies aligned with overall goals - integrate recent advances in Rational expectations and process design strategies into practice according to best practice guidelines Using a Self-Assessment tool known as the Rational expectations Scorecard, you will develop a clear picture of which Rational expectations areas need attention. Your purchase includes access details to the Rational expectations self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.
Download or read book Rational Expectations written by Gerard Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2017-11-21 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: What potential environmental factors impact the Rational expectations effort? Will team members perform Rational expectations work when assigned and in a timely fashion? What are the Key enablers to make this Rational expectations move? Is Rational expectations linked to key business goals and objectives? In the case of a Rational expectations project, the criteria for the audit derive from implementation objectives. an audit of a Rational expectations project involves assessing whether the recommendations outlined for implementation have been met. in other words, can we track that any Rational expectations project is implemented as planned, and is it working? Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role... In EVERY company, organization and department. Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?' This Self-Assessment empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Rational expectations investments work better. This Rational expectations All-Inclusive Self-Assessment enables You to be that person. All the tools you need to an in-depth Rational expectations Self-Assessment. Featuring 698 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Rational expectations improvements can be made. In using the questions you will be better able to: - diagnose Rational expectations projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices - implement evidence-based best practice strategies aligned with overall goals - integrate recent advances in Rational expectations and process design strategies into practice according to best practice guidelines Using a Self-Assessment tool known as the Rational expectations Scorecard, you will develop a clear picture of which Rational expectations areas need attention. Your purchase includes access details to the Rational expectations self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.
Download or read book Rational Expectations and Policy Evaluation in Macroeconometric Models written by Paul A. Anderson and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Limits to Rational Expectations written by M. Hashem Pesaran and published by Wiley-Blackwell. This book was released on 1989 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rational Expectations written by Graham Keith Shaw and published by . This book was released on 1984 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumer Expectations written by Richard Thomas Curtin and published by Cambridge University Press. This book was released on 2019-02-07 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proposes a new comprehensive theory about how expectations are formed and how they shape the macro economy.
Download or read book The Rational Expectations Revolution written by Preston J. Miller and published by MIT Press. This book was released on 1994 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: These 21 readings describe the orgins and growth of the macroeconomic analysis known as "rational expectations". The readings trace the development of this approach from the late 1970s to the 1990s.
Download or read book Rational Expectations in Macroeconomics written by C. L. F. Attfield and published by . This book was released on 1985 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Policy Selection and Evaluation with Rational Expectations written by William Lee and published by . This book was released on 1981 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rational Expectations and Inflation written by Thomas J. Sargent and published by Princeton University Press. This book was released on 2013-05-05 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fully expanded edition of the Nobel Prize–winning economist's classic book This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expectations can satisfactorily interpret a range of historical and contemporary events. He focuses on periods of actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation, from the French Revolution and the aftermath of World War I to the economic policies of Margaret Thatcher and Ronald Reagan, Sargent finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated. This fully expanded edition of Rational Expectations and Inflation includes Sargent's 2011 Nobel lecture, "United States Then, Europe Now." It also features new articles on the macroeconomics of the French Revolution and government budget deficits.
Download or read book Policy Evaluation and Design for Continous Time Linear Rational Expectations Models written by Willem H. Buiter and published by . This book was released on 1984 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
