Estimating Models with Rational Expectations

The assumptions needed to estimate models in which expectations of future variables are formed rationally are examined. Beginning with Lucas (1976), criticism of traditional econometric techniques based on aggregate behavioral relationships has been focused on whether the traditional estimates of ma...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 1983-08, Vol.15 (3), p.275-285
Hauptverfasser:	Kaufman, Roger T., Woglom, Geoffrey
Format:	Artikel
Sprache:	eng
Schlagworte:	Analytical forecasting Coefficients Consumer surveys Contracts Econometrics Economic expectations Economic models Economic theory Estimating techniques Estimation theory Labor contracts Macroeconomic modeling Macroeconomics Mathematical procedures Rational expectations Rational expectations theory Wage rates
Online-Zugang:	Volltext
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