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eBook A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient-Markets Models (National Bureau of Economic Research Monograph) download

by Frederic S. Mishkin

eBook A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient-Markets Models (National Bureau of Economic Research Monograph) download ISBN: 0226531872
Author: Frederic S. Mishkin
Publisher: University of Chicago Press; New edition edition (January 1, 1986)
Language: English
Pages: 179
ePub: 1388 kb
Fb2: 1330 kb
Rating: 4.9
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Category: Different
Subcategory: Business and Finance

In this book, the author pursues a rational expectations approach to the estimation of a class of models widely discussed in the . Paperback: 179 pages.

Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.

Front matter, A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient-Markets Models. p. -13 - 0) (bibliographic info) (download). 1. Introduction to "A Rational Expectations Approach to Macroeconomics: Testing Policy Ineffectiveness and Efficient-Markets Models". 1 - 6) (bibliographic info) (download). 5. Monetary Policy and Interest Rates: An Efficient Markets-Rational Expectations Approach. 76 - 109) (bibliographic info) (download).

Committee on National Statistics, Board on Testing and Assessment .

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Mishkin, Frederic S. Publication Information: Chicago: The University of Chicago Press, 1983.

Chapter in NBER book A Rational Expectations Approach to Macroeconomics: Testing Policy .

270 K). Machine-readable bibliographic record - MARC, RIS, BibTeX. Contact Us. Working Papers & Publications.

Market efficiency tests indicate that the market severely punishes firms with suboptimal decreases in cash, but we find no evidence . A principal argument in the rational expectations literature is the optimality of predictable policy

Market efficiency tests indicate that the market severely punishes firms with suboptimal decreases in cash, but we find no evidence to support the hubris hypothesis that the market overreacts to the earnings implications of unwarranted increases in cash. A principal argument in the rational expectations literature is the optimality of predictable policy. This paper illustrates that this claim does not hold in a world of parametric uncertainty for two reasons: (1) completely noiseless policy may lead to non-convergence to the true model parameters; (2) highly predictable policy is not very informative about the structure of the model

General Note: Includes index. On this site it is impossible to download the book, read the book online or get the contents of a book. The administration of the site is not responsible for the content of the site. The data of catalog based on open source database. All rights are reserved by their owners. Download book A rational expectations approach to macroeconometrics : testing policy ineffectiveness and efficient-markets models, Frederic S. Mishkin.

A Rational Expectations Approach to ~acroeconornetrics. Testing Policy Ineffectiveness and Efficient-Markets Models Frederic S. The University of Chicago Press. The opening chapter of Part 1 describes the models to be analyzed in this book and discusses the details of their estimation.

Frederic S. Mishkin, 1983. Handle: RePEc:nbr:nberbk:mish83-1.

5. Monetary Policy and Interest Rates: An Efficient Markets-Rational Expectations Approach Appendix . Estimates of the Forecasting Equations Appendix . Additional Experiments Using the Two-Step Procedure. 6. Does Anticipated Aggregate Demand Policy Matter?

A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.