Narrow search
Showing 1 - 10 of 3,680
Cover Image
Wirtschaftsnobelpreis 1995 für Robert E. Lucas
Schreiber, Carsten - In: ifo Dresden berichtet 02 (1995) 06, pp. 34-35
Der Bericht stellt den Wirtschaftsnobelpreis 1995 für Robert E. Lucas zur Diskussion. Dabei wird die Entwicklung der Forschungsinhalte des Preisträgers gewürdigt. Bekanntgeworden ist Robert Lucas in den siebziger Jahren neben der Übertragung der rationalen Erwartungen auf die Makroökonomik...
Persistent link: https://www.econbiz.de/10005037085
Cover Image
NO CHAPTER AVAILABLE YET Book Title: Rational Expectations and Inflation (Third Edition)
Sargent, Thomas J. - Princeton University Press
This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan … in economics. Rational expectations theory is based on the simple premise that people will use all the information … available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically …
Persistent link: https://www.econbiz.de/10010604618
Cover Image
Robert E. Lucas Jr., Prix Nobel d'Économie 1995
Buda, Rodolphe - Volkswirtschaftliche Fakultät, … - 1995
This paper represents shortly the contribution of the Professor Lucas in modern macroeconomics, notably famous criticism of the Keynesian models. Contribution which was worth him the Nobel prize of economy 1995.
Persistent link: https://www.econbiz.de/10005835589
Cover Image
"Rational Expectations": A Correction
Sargent, Thomas J. - In: Brookings Papers on Economic Activity 4 (1973) 3, pp. 799-800
Persistent link: https://www.econbiz.de/10005053996
Cover Image
The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach
Bénassy, Jean-Pascal - The MIT Press
reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational … methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of …
Persistent link: https://www.econbiz.de/10005034443
Cover Image
Modeling the Lucas critique as an open loop feedback process with time-varying parameters
Amman, Hans; Kendrick, David - Society for Computational Economics - SCE - 2001
\\begin{abstract} Lucas (1976) pointed out, that when optimization is performed on a deterministic macro model, the resulting policy may not reflect the true optimal solution. Private agents may react to announced policies and consequently model parameters will start to drift. The aim of this...
Persistent link: https://www.econbiz.de/10005537760
Cover Image
GEM; A New International Macroeconomic Model
Bayoumi, Tamim; Faruqee, Hamid; Laxton, Douglas; Karam, … - International Monetary Fund (IMF) - 2004
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10005590952
Cover Image
Rational Expectations and Inflation (Third Edition)
Sargent, Thomas J. - Princeton University Press
This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan … in economics. Rational expectations theory is based on the simple premise that people will use all the information … available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically …
Persistent link: https://www.econbiz.de/10010681119
Cover Image
Mitigation of the Lucas critique with stochastic control methods
Amman, Hans M.; Kendrick, David A. - In: Journal of Economic Dynamics and Control 27 (2003) 11, pp. 2035-2057
Lucas (In: Brunner, K., Meltzer, A.H. (Eds.), The Phillips Curve and the Labor Markets, Supplementary Series to the Journal of Monetary Economics, 1976, pp. 19–46) pointed out, that when optimization is performed on a deterministic macro model, the resulting policy may not reflect the true...
Persistent link: https://www.econbiz.de/10010664651
Cover Image
Usefulness of Adaptive and Rational Expectations in Economics
Chow, Gregory C. - Griswold Center for Economic Policy Studies, Department … - 2011
This paper provides a statistical reason and strong econometric evidence for supporting the adaptive expectations hypothesis in economics. It points out why the rational expectations hypothesis was embraced by the economics profession without sufficient evidence. Finally it will summarize the...
Persistent link: https://www.econbiz.de/10010720756