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

✍ Scribed by Frederic S. Mishkin

Publisher: University of Chicago Press
Year: 2007
Tongue: English
Leaves: 180
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

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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