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Rational Expectations in Macroeconomics
An Introduction to Theory and Evidence

Clifford L. F. Attfield (Author), David Demery (Author), Nigel W. Duck (Author)

9780631179474, Wiley

Paperback / softback, published 13 June 1991

256 pages
25 x 20 x 1.5 cm, 0.68 kg

"... A highly successful attempt to make this difficult, important and controversial field accessible to students. Strongly recommended." Times Higher Education Supplement

"... A lucid introduction to rational expectations theory, its policy prescriptions and empirical applications." Sheila Dow, The Economic Journal

Like the successful and widely-adopted first edition, this second edition is designed to explain the concept of rational expectations and its implications for macroeconomics.

Preface.

1. Expectations in Macroeconomics.

2. The Theory of Rational Expectations.

3. Testing the Rational Expectations Hypothesis.

4. Rational Expectations and a Flexible Price Macroeconomic Model.

5. Criticisms of the Flexible Price Rational Expectations Model.

6. Rational Expectations and Macroeconomics: Two Influential Empirical Studies.

7. Criticism and Reappraisal of the Lucas and Barro Models.

8. Real Business Cycle Theory.

9. Rational Expectations and the Real Income Hypothesis.

10. Summary and Conclusions.

Subject Areas: Economics [KC]
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