Synopses & Reviews
This book puts forward the view that rational expectations have a key role in formulating economic policy and in determining economic activity, prices, interest rates, and employment rates. Arguing that economic policy crucially depends upon expectations about future government policies, the author supports his thesis by drawing on monetary theory as well as on the actual experiences of several post-World War II countries.
Table of Contents
Preface
Debate over Monetary Policy
In Search of a Monetary Regime: The International Dimension
Are We All Monetarists Now?
Monetarists, New Classicalism, and Rational Expectations
Methodological Issue
Business Cycle Issue
A Look at the Evidence
Prescription for Monetary Policy and Rational Expectations
Selected Bibliography
Index