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Rational Expectations and Inflation
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Rational Expectations and Inflation

Thomas J. Sargent

Abstract

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 the author was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. This book engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rat ... More

Keywords: rational expectations theory, inflation, economic decision, macroeconomics, econometrics, French Revolution, budget deficit

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780691158709
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691158709.001.0001

Authors

Affiliations are at time of print publication.

Thomas J. Sargent, author
New York University