Rational Expectations

by Steven M. Sheffrin and Steven M. Shefrin

Book Overview

Economists have developed models in which individuals form expectations of key variables in a rational manner such that these expectations are consistent with actual economic environments. In this revised and expanded second edition, Professor Sheffrin first explores the logical foundation of the concept and the case for employing it in economic analysis. Subsequent chapters investigate its use in macroeconomics, financial markets, and microeconomics...

• Format: Hardcover
• Language: English
• ISBN: 0521474000
• ISBN13: 9780521474009
• Release Date: June 1996
• Publisher: Cambridge University Press
• Length: 200 Pages
• Weight: 0.98 lbs.
• Dimensions: 0.6" x 6.2" x 9.0"

Customer Reviews

This is a excellent introduction to Rational Expectations

The Sheffrin's book is excellent introduction to Rational Expectations Theory, I reviewed all the book in the PhD, the book is very clear. The book was written in non-technical language and reveals both the power and the limitations of the expectations assumption. I recommend the book.