Rational Expectations And Monetary Theory: An Investigative Paper[1960 - 1989]
AbstractSINCE 1930, EXPECTATIONS HAVE PLAYED AN IMPORTANT ROLE IN ECONOMIC THEORY AND THIS IS BECAUSE ECONOMICS IS GENERALLY CONCERNED WITH THE IMPLICATIONS OF CURRENT ACTIONS FOR THE FUTURE. THIS PAPER THEREFORE ARGUES THAT THE DEVELOPMENT OF RATIONAL EXPECTATIONS THEORY WILL MAKE A MORE SIGNIFICANT CONTRIBUTION TO ECONOMICS(AND IN PARTICULAR, MONETARY ECONOMICS) IN THE IMPETUS IT GIVES TO RESEARCH ON THE VITAL AREAS OF LEARNING AND PRICE EXPECTATIONS FORMATION
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0501001.
Length: 10 pages
Date of creation: 02 Jan 2005
Date of revision:
Note: Type of Document - pdf; pages: 10. THIS IS A PREVIOUS RESEARCH PAPER FOR PUBLIC ACCESS
Contact details of provider:
Web page: http://188.8.131.52
RATIONAL EXPECTATIONS; MONETARY THEORY; AUGUMENTED PHILLIPS CURVE; INFLATION; OUTPUT; PRICES;
Find related papers by JEL classification:
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-09 (All new papers)
- NEP-HIS-2005-01-09 (Business, Economic & Financial History)
- NEP-HPE-2005-01-09 (History & Philosophy of Economics)
- NEP-MAC-2005-01-09 (Macroeconomics)
- NEP-MON-2005-01-09 (Monetary Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Barro, Robert J, 1978.
"Unanticipated Money, Output, and the Price Level in the United States,"
Journal of Political Economy,
University of Chicago Press, vol. 86(4), pages 549-80, August.
- Barro, Robert J., 1978. "Unanticipated Money, Output, and the Price Level in the United States," Scholarly Articles 3450988, Harvard University Department of Economics.
- Barro, Robert J, 1977.
"Unanticipated Money Growth and Unemployment in the United States,"
American Economic Review,
American Economic Association, vol. 67(2), pages 101-15, March.
- Robert J. Barro, 1976. "Unanticipated Money Growth and Unemployment in the United States," Working Papers 234, Queen's University, Department of Economics.
- Frank Hahn, 1985. "Money and Inflation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262580624, January.
- Grossman, Jacob, 1979. "Nominal Demand Policy and Short-Run Fluctuations in Unemployment and Prices in the United States," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 1063-85, October.
- Hanson, James A, 1980. "The Short-Run Relation between Growth and Inflation in Latin America: A Quasi-Rational or Consistent Expectations Approach," American Economic Review, American Economic Association, vol. 70(5), pages 972-89, December.
- Fratianni, Michele, 1978. "Inflation and unanticipated changes in output in Italy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 8(1), pages 141-180, January.
- Alberro, Jose, 1981. "The Lucas hypothesis on the Phillips Curve : Further international evidence," Journal of Monetary Economics, Elsevier, vol. 7(2), pages 239-250.
- Pesaran, M H, 1982. "A Critique of the Proposed Tests of the Natural Rate-Rational Expectations Hypothesis," Economic Journal, Royal Economic Society, vol. 92(367), pages 529-54, September.
- Carlson, John A & Parkin, J Michael, 1975. "Inflation Expectations," Economica, London School of Economics and Political Science, vol. 42(166), pages 123-38, May.
- Frederic S. Mishkin, 1982.
"Does Anticipated Monetary Policy Matter? An Econometric Investigation,"
NBER Working Papers
0506, National Bureau of Economic Research, Inc.
- Mishkin, Frederic S, 1982. "Does Anticipated Monetary Policy Matter? An Econometric Investigation," Journal of Political Economy, University of Chicago Press, vol. 90(1), pages 22-51, February.
- Shaw, Graham K, 1987. "Rational Expectations," Bulletin of Economic Research, Wiley Blackwell, vol. 39(3), pages 187-209, July.
- Frenkel, Jacob A, 1977. "The Forward Exchange Rate, Expectations, and the Demand for Money: The German Hyperinflation," American Economic Review, American Economic Association, vol. 67(4), pages 653-70, September.
- Perry, George L, 1984. "Reflections on Macroeconomics," American Economic Review, American Economic Association, vol. 74(2), pages 401-07, May.
- Benjamin M. Friedman, 1980. "Survey Evidence on The Rationality of Interest Rate Expectations," NBER Working Papers 0261, National Bureau of Economic Research, Inc.
- Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January.
- Dr. Godwin Chukwudum Nwaobi, 2004. "Modelling Economic Fluctuations In Subsaharan Africa:A Vector Autoregressive Approach," Macroeconomics 0406008, EconWPA.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.