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Rational Expectations And Monetary Theory: An Investigative Paper[1960 - 1989]

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Author Info
DR. GODWIN CHUKWUDUM NWAOBI (QUANTITATIVE ECONOMIC RESEARCH BUREAU, NIGERIA)

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Abstract

SINCE 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

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Publisher Info
Paper provided by EconWPA in its series Macroeconomics with number 0501001.

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Length: 10 pages
Date of creation: 02 Jan 2005
Date of revision:
Handle: RePEc:wpa:wuwpma:0501001

Note: Type of Document - pdf; pages: 10. THIS IS A PREVIOUS RESEARCH PAPER FOR PUBLIC ACCESS
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Related research
Keywords: 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; Growth and Fluctuations - - - General, International, or Comparative

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References listed on IDEAS
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.:
  1. Carlson, John A & Parkin, J Michael, 1975. "Inflation Expectations," Economica, London School of Economics and Political Science, vol. 42(166), pages 123-38, May. [Downloadable!] (restricted)
  2. 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. [Downloadable!] (restricted)
  3. 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. [Downloadable!] (restricted)
  4. Perry, George L, 1984. "Reflections on Macroeconomics," American Economic Review, American Economic Association, vol. 74(2), pages 401-07, May. [Downloadable!] (restricted)
  5. 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. [Downloadable!] (restricted)
  6. 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. [Downloadable!] (restricted)
  7. Shaw, Graham K, 1987. "Rational Expectations," Bulletin of Economic Research, Blackwell Publishing, vol. 39(3), pages 187-209, July.
  8. Alberro, Jose, 1981. "The Lucas hypothesis on the Phillips Curve : Further international evidence," Journal of Monetary Economics, Elsevier, vol. 7(2), pages 239-250. [Downloadable!] (restricted)
  9. Robert J. Barro, 1976. "Unanticipated Money Growth and Unemployment in the United States," Working Papers 234, Queen's University, Department of Economics.
    Other versions:
  10. 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. [Downloadable!] (restricted)
  11. 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. [Downloadable!] (restricted)
    Other versions:
  12. Benjamin M. Friedman, 1980. "Survey Evidence on The Rationality of Interest Rate Expectations," NBER Working Papers 0261, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  13. Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January. [Downloadable!] (restricted)
  14. 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. [Downloadable!] (restricted)
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