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Learning and Expectations in Macroeconomics
George W. Evans
€ 91.89
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Description for Learning and Expectations in Macroeconomics
Hardback. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. This title explains a variety of expectation formation models by focusing on the learning factor. It develops analytical techniques and uses them to synthesize and extend research. Series: Frontiers of Economic Research. Num Pages: 424 pages, 1, black & white illustrations. BIC Classification: KCA; KCB. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 243 x 166 x 32. Weight in Grams: 788.
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research ... Read more
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research ... Read more
Product Details
Format
Hardback
Publication date
2001
Publisher
Princeton University Press United States
Number of pages
440
Condition
New
Series
Frontiers of Economic Research
Number of Pages
424
Place of Publication
New Jersey, United States
ISBN
9780691049212
SKU
V9780691049212
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About George W. Evans
George W. Evans is John B. Hamacher Professor of Economics at the University of Oregon, and has held positions at the London School of Economics, Stanford University, and the University of Edinburgh. Seppo Honkapohja is Professor of Economics at the University of Helsinki, where he has currently been appointed Academy Professor. Professors Evans and Honkapohja have published extensively in economic ... Read more
Reviews for Learning and Expectations in Macroeconomics
"An excellent, wide ranging and detailed survey of what is known about the stability under learning of a wide variety of models... [A]n essential reference for researchers."
Margaret Bray, Journal of Economics
Margaret Bray, Journal of Economics