Rational Expectations and Inflation: Third Edition by Sargent, Thomas J.

Rational Expectations and Inflation: Third Edition

This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and...
$161.20 SGD
$161.20 SGD
SKU: 9780691158709
Product Type: Books
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Author: Thomas J. Sargent
Format: Hardcover
Language: English
Subtotal: $161.20
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Rational Expectations and Inflation: Third Edition by Sargent, Thomas J.

Rational Expectations and Inflation: Third Edition

$161.20

Rational Expectations and Inflation: Third Edition

$161.20
Author: Thomas J. Sargent
Format: Hardcover
Language: English
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 information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrating how rational expectations can satisfactorily interpret a range of historical and contemporary events. He focuses on periods of actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation, from the French Revolution and the aftermath of World War I to the economic policies of Margaret Thatcher and Ronald Reagan, Sargent finds
that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated. This fully expanded edition of Rational Expectations and Inflation includes Sargent's 2011 Nobel lecture, "United States Then, Europe Now." It also features new articles on the macroeconomics of the French Revolution and government budget deficits.


Author: Thomas J. Sargent
Publisher: Princeton University Press
Published: 05/05/2013
Pages: 392
Binding Type: Hardcover
Weight: 1.50lbs
Size: 9.42h x 6.55w x 1.14d
ISBN: 9780691158709

About the Author
Thomas J. Sargent is professor of economics at New York University. His books include Robustness and The Big Problem of Small Change (both Princeton). He was awarded the 2011 Nobel Prize in economics.

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