Rational expectations and inflation
Author(s)
Bibliographic Information
Rational expectations and inflation
（The HarperCollins series in economics）
HarperCollins College Publishers, c1993
2nd ed
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Note
Includes bibliographical references (p. [257]-267) and indexes
Description and Table of Contents
Description
This collection of essays written by one of the founders and chief proponents of rational expectations theory is intended as a supplement for macroeconomics courses. Thomas Sargent applies rational expectations macroeconomics at an informal, non-econometric level to interpret a variety of historical and contemporary issues. Sargent uses inflation as a natural context for applying rational expectations theory. Government efforts to stop currency depreciation, alternative monetary systems and the conflict between monetary and fiscal policies are also explored.
Table of Contents
- Part 1 Rational expectations and the reconstruction of macroeconomics: behaviour changes with the rules of the game
- general implications of the examples
- new econometric methods
- historical and cross-country analysis
- implications for policymakers. Part 2 Reaganomics and credibility: dynamic games
- an economy as a dynamic game
- are government deficits inflationary?
- Reaganomics and credibility. Part 3 The ends of four big inflations: the gold standard
- Austria
- Hungary
- Poland
- Germany
- Czechoslovakia. Part 4 Stopping moderate inflations - the methods of Poincare and Thatcher: the "Poincare miracle"
- the British experience
- Mrs Thatcher's plan
- the outcome of the plan so far
- overshooting the #M3 target
- the government deficit
- North Sea oil and the pound sterling
- methods of Thatcher and Reagan
- where to play chicken. Part 5 Some unpleasant monetarist arithmetic: a simple monetarist model
- the Cagan-Brescian-Turroni effect
- conclusions and qualifications. Part 6 Interpreting the Reagan deficits: government budget balance
- Barro tax smoothing
- Wallace's game of chicken. Part 7 Speculations about the speculation against the Hong Kong dollar: a look at Hong Kong's monetary system
- the official float policy
- an indeterminate exchange rate?
- a timely depreciation
- Hong Kong's other options. Part 8 Three essays in persuasion: back to basics on budgets
- confrontation over deficits
- an open letter to the Brazilian finance minister.
by "Nielsen BookData"
