Linear Rational Expectations Models: A User’s Guide - Tapa blanda

Linear Rational Expectations Models was first published in 1983.The assumption that agents respond rationally to changes in their economic environment introduces complicated restrictions among equations of the economic model. So far, the technical problems created by those restrictions have made building a rational expectations model of the economy an awkward and difficult task. Here Charles H. Whiteman analyzes a variety of methods that have been proposed for solving those equation systems and offers a new and simpler technique.

Charles H. Whiteman is the senior associate dean of the Henry B. Tippie College Business and a professor of economics at the University of Iowa.