Books like Rational expectations by Steven M. Sheffrin

Name: Rational expectations
Author: Steven M. Sheffrin

📘 Rational expectations by Steven M. Sheffrin

Professor Steven M. Sheffrin’s book delves into the logical underpinnings of rational expectations, arguing for their consistency with actual economic environments. The text systematically explores how this concept is applied across macroeconomics, financial markets, and microeconomics, highlighting both theoretical developments and empirical tests. The final chapter evaluates the impact of rational expectations on economic research and public policy, noting the ongoing challenges in formulating fully workable models, and discusses recent advances such as learning dynamics, the rationality of reported expectations, extensions of the Lucas critique, and noise‑trading models.

First publish date: 1983

Genre: Business & Economics/Finance

Authors: Steven M. Sheffrin

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