Rational Expectations in Macroeconomics : An Introduction to Theory and Evidence - Clifford L. F. Attfield

Rational Expectations in Macroeconomics

An Introduction to Theory and Evidence

By: Clifford L. F. Attfield, David Demery, Nigel W. Duck

Paperback | 1 June 1991 | Edition Number 2

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Rational expectations has unquestionably become the standard way of modeling expectations in macroeconomics. Like the successful and widely-adopted first edition, this new edition is designed to explain the concept of rational expectations and its implications for macroeconomics.It fills the gap between introductory macroeconomics texts in which expectations formation is incidental and the technically advanced texts and journal literature on rational expectations.In this new edition, the authors have both extensively revised the presentation of much of the material covered and extended the coverage to include recent developments in the subject, most notably in the theory of aggregate consumption and the theory of real business cycles.
Industry Reviews
"... 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

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