Rational Expectations and Economic Policy (Paperback) (ISBN-13: 9780226251349)

"Several areas in economics today have unprecedented significance and vitality. Most people would agree that stabilization policy ranks with the highest of these. Continuing inflation and periodic serious acceleration of inflation combined with high and secularly rising unemployment combine to give the area high priority. This book brings us up to date on an extremely lively discussion involving the role of expectations, and more particularly rational expectations, in the conduct of stabilization policy. . . . Anyone interested in the role of government in economics should read this important book."--C. Glyn Williams, The Wall Street Review of Books

"This is a most timely and valuable contribution. . . . The contributors and commentators are highly distinguished and the editor has usefully collated comments and the ensuing discussion. Unusually for a conference proceedings the book is well indexed and it is also replete with numerous and up-to-date references. . . . This is the first serious book to examine the rational expectations thesis in any depth, and it will prove invaluable to anyone involved with macroeconomic policy generally and with monetary economics in particular."--G. K. Shaw, The Economic Journal

Author: Stanley Fischer
ISBN-10: 0226251349
ISBN-13: 9780226251349
Publisher: University of Chicago Press
Language: English
Published: 07/01/1984
Pages: 304
Format: Paperback
Weight: 0.80lbs
Size: 8.97h x 5.92w x 0.67d