Rational expectation in macroeconomics: an introduction to theory and evidence /
C.L.F. Attfield, D. Demery and N.W. Duck
- 2nd ed.
- Cambridge: Blackwell
- x,243 p.: ill. 23cm.
Includes bibliographical references and index.
Contents: Expectations in the macroeconomics -- The Theory of rational expectations -- Testing the rational expectations hypothesis -- Rational expectations and a flexible-price macroeconomic model -- Criticisms of the flexible-price rational expectations model -- Rational expectations and macroeconomics: Two influential empirical studies -- Criticism and reappraisal of the Lucas and Barro models -- Real business cycle theory -- Rational expectations and the permanent-income hypothesis -- Summary and conclusions.