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.
- ISBN10 0275923274
- ISBN13 9780275923273
- Publish Date 12 March 1987
- Publish Status Active
- Publish Country US
- Publisher ABC-CLIO
- Imprint Praeger Publishers Inc
- Format Hardcover
- Pages 164
- Language English