Rational Expectations and Inflation

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Product Information

ISBN9780691158709
PublisherPrinceton University Press
Price (excl. tax)€60.28
Tax€3.62
Price (incl. tax)€63.90
Availability1 unit in external warehouse

Product Description

This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the infor