# The Rational Expectation Hypothesis, Time-Varying Parameters and Adaptive Control : A Promising Combination?

Free delivery worldwide

Available.
Dispatched from the UK in 4 business days

When will my order arrive?

## Description

The Rational Expectation Hypothesis, Time-Varying Parameters and Adaptive Control wants to represent a step toward the construction of a common ground on which to empirically compare the two "beliefs" and to do this three strands of literature are brought together. The first strand is the research on time-varying parameters (TVP), the second strand is the work on adaptive control and the third one is the literature on linear stationary models with rational expectations (RE).

The material presented in The Rational Expectation Hypothesis, Time-Varying Parameters and Adaptive Control is divided into two parts. Part 1 combines the strand of literature on adaptive control with that on TVP. It generalizes the approach pioneered by Tse and Bar-Shalom (1973) and Kendrick (1981) and one recently used in Amman and Kendrick (2002), where the law of motion of the TVP and the hyperstructural parameters are assumed known, to the case where the hyperstructural parameters are assumed unknown. Part 2 is devoted to the linear single-equation stationary RE model estimated with the error-in-variables (EV) method. It presents a new formulation of this problem based on the use of TVP in an EV model. This new formulation opens the door to a very promising development. All the theory developed in the first part to control a model with TVP can sic et simpliciter be applied to control a model with RE.

show more

## Product details

- Hardback | 262 pages
- 157.5 x 238.8 x 20.3mm | 521.64g
- 10 Mar 2005
- Springer
- Dordrecht, Netherlands
- English
- 2004 ed.
- XVIII, 262 p.
- 0792374843
- 9780792374848

## Other books in this series

### Programming Languages and Systems in Computational Economics and Finance

31 Aug 2002

Hardback

US$168.06 US$219.99

Save US$51.93

### Agent-Based Computer Simulation of Dichotomous Economic Growth

04 Oct 2012

Paperback

US$145.59 US$149.99

Save US$4.40

### Programming Languages and Systems in Computational Economics and Finance

30 Oct 2012

Paperback

US$238.16

### The Rational Expectation Hypothesis, Time-Varying Parameters and Adaptive Control

27 Jul 2012

Paperback

US$158.99

### The Rational Expectation Hypothesis, Time-Varying Parameters and Adaptive Control

10 Mar 2005

Hardback

US$217.35

## Table of contents

show more

## About Marco P. Tucci

show more