Nber Macroeconomics Annual 2018: Volume 33 Volume 33

This volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equilibrium. The second explores the aggregate risk of the U.S. financial sector, and in particular whether it is safer now than before the 2008 financial crisis. The third analyzes "factorless income," output...

• Format: Hardcover
• Language: English
• ISBN: 022664572X
• ISBN13: 9780226645728
• Release Date: August 2019
• Publisher: University of Chicago Press
• Length: 500 Pages
• Weight: 1.70 lbs.
• Dimensions: 1.3" x 6.1" x 9.3"