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portada Studies in International Macroeconomics
Type
Physical Book
Publisher
Year
1986
Language
English
Pages
279
Format
Hardcover
ISBN
0275920879
ISBN13
9780275920876
Categories

Studies in International Macroeconomics

Jagdeep S. Bhandari (Author) · Praeger · Hardcover

Studies in International Macroeconomics - Jagdeep S. Bhandari

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Synopsis "Studies in International Macroeconomics"

One of the most important developments in macroeconomics during the last decade has been the introduction of the rational expectations approach. Before the introduction of this method, economists relied on a variety of ad hoc mechanisms which often led to errors in their predictions. Studies in International Macroeconomics explains the ways in which the rational expectations method deals with uncertainty. It presents stochastic models and applies them to curent issues such as exchange rate determination, the effects of the rise and fall in oil prices, and the impact of wage indexing on the economy.

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