Book contents
- Frontmatter
- Contents
- List of contributors
- Preface
- 1 Introduction
- 2 The trouble with “rational expectations” and the problem of inflation stabilization
- 3 Expectations of others' expectations and the transitional nonneutrality of fully believed systematic monetary policy
- 4 The stability of rational expectations in macroeconomic models
- 5 Individual rationality, decentralization, and the rational expectations hypothesis
- 6 Convergence to rational expectations equilibrium
- 7 A distinction between the unconditional expectational equilibrium and the rational expectations equilibrium
- 8 On mistaken beliefs and resultant equilibria
- 9 Equilibrium theory with learning and disparate expectations: some issues and methods
- 10 Keynesianism, monetarism, and rational expectations: some reflections and conjectures
- Index
Preface
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- List of contributors
- Preface
- 1 Introduction
- 2 The trouble with “rational expectations” and the problem of inflation stabilization
- 3 Expectations of others' expectations and the transitional nonneutrality of fully believed systematic monetary policy
- 4 The stability of rational expectations in macroeconomic models
- 5 Individual rationality, decentralization, and the rational expectations hypothesis
- 6 Convergence to rational expectations equilibrium
- 7 A distinction between the unconditional expectational equilibrium and the rational expectations equilibrium
- 8 On mistaken beliefs and resultant equilibria
- 9 Equilibrium theory with learning and disparate expectations: some issues and methods
- 10 Keynesianism, monetarism, and rational expectations: some reflections and conjectures
- Index
Summary
In this book we are publishing the proceedings of the conference “Expectations Formation and Economic Disequilibrium,” held in New York City, December 4, 1981.
We are immensely grateful to the C. V. Starr Center for Applied Economics at New York University for inviting us to hold this conference under its auspices and for providing generous financial and organizational support. We are grateful also to New York University for providing facilities and hospitality to the participants at the conference.
We also want to express our deep appreciation to the authors and discussants whose contributions are published here for their participation in the conference and readiness to help in every way in the preparation of this book.
In addition to the authors and discussants whose work appears herein, the following persons also participated in the conference: Jess Benhabib, Franklin M. Fisher, Duncan Foley, Walter Heller, Peter Howitt, Pentti J. K. Kouri, Melvyn B. Krauss, Mark Lilla, Francisco L. Lopes, Fritz Machlup, Cathy Morrison, Robert A. Mundell, Ishaq M. Nadiri, Gerald P. O'Driscoll, Joseph Ostroy, Michael Parkin, James B. Ramsey, R. Robert Russell, Thomas J. Sargent, Mark Schankerman, Paul Wachtel, Bernard Wasow, Lawrence White, Clas Wihlborg, and Andreas Woergoetter. Their great interest in the subject and lively contributions to the discussion added much to the value of the conference.
- Type
- Chapter
- Information
- Individual Forecasting and Aggregate Outcomes'Rational Expectations' Examined, pp. ix - xPublisher: Cambridge University PressPrint publication year: 1984