Linear rational expectations models : a user's guide / Charles H. Whiteman.

Format:

Book

Author/Creator:

Whiteman, Charles H.

Language:

English

Subjects (All):

Economics--Mathematical models.

Economics.

Rational expectations (Economic theory).

Physical Description:

1 online resource (ix, 133 pages)

Edition:

1st ed.

Place of Publication:

Minneapolis : University of Minnesota Press, c1983.

Language Note:

English

Summary:

Linear Rational Expectations Models was first published in 1983. The assumption that agents respond rationally to changes in their economic environment introduces complicated restrictions among equations of the economic model. So far, the technical problems created by those restrictions have made building a rational expectations model of the economy an awkward and difficult task. Here Charles H. Whiteman analyzes a variety of methods that have been proposed for solving those equation systems and offers a new and simpler technique.

Contents:

Preface; Contents; CHAPTER I: MOVING AVERAGE REPRESENTATIONS FOR SCALAR RATIONAL EXPECTATIONS MODELS; CHAPTER II: SOLUTION TECHNIQUES FOR RATIONAL EXPECTATIONS MODELS: A CRITICAL REVIEW; CHAPTER III: CONFRONTING NONUNIQUENESS IN RATIONAL EXPECTATIONS MODELS; CHAPTER IV: MOVING AVERAGE REPRESENTATIONS FOR MULTIVARIATE RATIONAL EXPECTATIONS MODELS; CHAPTER V: A SET OF OPTIMIZATION EXAMPLES; References; Author Index; Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 125-129) and indexes.

ISBN:

0-8166-5525-1

1-4356-0617-5

OCLC:

182732623