Endogenous Economic Fluctuations

Name: Endogenous Economic Fluctuations
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783642082955
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Studies in the Theory of Rational Beliefs

Autor: Mordecai Kurz

Jazyk:

Vazba: Brožovaná

Vydavatel: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Dostupnost: Skladem u dodavatele

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The book presents a new theory of expectations called "rational beliefs". Contrary to the standard t...

Informace o knize

Autor

Mordecai Kurz

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2011

Stránek

356

EAN

9783642082955

ISBN

3642082955

Enbook ID

01653321

Vydavatel

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Hmotnost

1170

Rozměry

155 x 235 x 21

Kompletní popis

The book presents a new theory of expectations called "rational beliefs". Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants. One part of the book provides an exposition of the foundation of the theory of rational beliefs. A second part explores the structure of general equilibrium models in which market participants hold rational beliefs. The "Applications" part of the book studies the behavior of asset prices and rates of return on financial assets. It demonstrates that endogenous uncertainty provides a uniform paradigm for the study of economic fluctuations.

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Endogenous Economic Fluctuations

Studies in the Theory of Rational Beliefs

Informace o knize

Kompletní popis

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Zákaznicí kteří koupili tuto knihu koupili také