A Rational Expectations Approach to Macroeconometrics Testing Policy Ineffectiveness and Efficient-Markets Models |
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| Author:
| Mishkin, Frederic S. |
| Series title: | National Bureau of Economic Research Monograph Ser. |
| ISBN: | 978-0-226-53187-8 |
| Publication Date: | Jan 1986 |
| Publisher: | University of Chicago Press
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| Book Format: | Paperback |
| List Price: | USD $30.00 |
Book Description:
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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...
More Description 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.