Rational expectations and econometric practice / editors by Robert E. Lucas and Thomas J. Sargent.

VOLUMEN I -- Introduction, ix -- 1. Implications of Rational Expectations and Econometric Practice, 3 -- Rational Expectations and the Theory of Price Movements / John F. Muth, 3 -- Optimal Properties of Exponentially Weighted Forecasts / John F. Muth, 23 -- A Note on the 'Accelerationist' Controversy / Thomas J. Sargent, 33 -- Distributed Lags and Optimal Investment Policy / Robert E. Lucas, Jr., 39 -- Optimal Investment with Rational Expectations / Robert E. Lucas, Jr., 55 -- Investment under Uncertainty / Robert E. Lucas, Jr., and Edward C. Prescott, 67 -- Formulating and Estimating Dynamic Linear Rational Expectations Models / Lars Peter Hansen and Thomas J. Sargent, 91 -- Linear Rational Expectations Models for Dynamically Interrelated Variables / Lars Peter Hansen and Thomas J. Sargent, 127 -- 2. Macroeconomic Policy, 159 -- Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment / Thomas J. Sargent, 159 -- Rational Expectations and the Theory of Economic Policy / Thomas J. Sargent and Neil Wallace, 199 -- Rational' Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule / Thomas J. Sargent and Neil Wallace, 215 -- Rational Expectations and the Role of Monetary Policy / Robert J. Berro, 229 -- Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule / Stanley Fischer, 261 -- Price-Level Stickiness and the Feasibility of Monetary Stabilization Policy with Rational Expectations / Bennett T McCallum, 277 -- The Current State of the Policy-Ineffectiveness Debate / Bennett T. McCallum, 285 -- 3. Econometric Methods: General, 295 -- After Keynesian Macroeconomics / Robert E. Lucas, Jr., and Thomas J. Sargent, 295 -- Estimation of Economic Relationships Containing Latent Expectations Variables / John F. Muth, 321 -- Econometric Implications of the Rational Expectations Hypothesis / Kenneth F. Wallis, 329 -- Estimation of Rational Expectations Models / Gregory C. Chow, 355 -- 4. General Applications, 371 -- Investigating Causal Relations by Econometric Models and Cross-Spectral Methods / C. W J. Granger, 371 -- Money, Income, and Causality / Christopher A. Sims, 387 -- Rational Expectations and the Dynamics of Hyperinflation / Thomas J. Sargent and Neil Wallace, 405 -- The Demand for Money during Hyperinflations under Rational Expectations / Thomas J. Sargent, 429 -- A Note on Maximum Likelihood Estimation of the Rational Expectations Model of the Term Structure / Thomas J. Sargent, 453 -- Estimation of Dynamic Labor Demand Schedules under Rational Expectations / Thomas J. Sargent, 463 -- Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence / Robert E. Hall, 501 -- 5. Testing for Neutrality, 521 -- A Classical Macroeconometric Model for the United States / Thomas J. Sargent, 521 -- The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics / Thomas J. Sargent, 553 -- Unanticipated Money Growth and Unemployment in the United States / Robert J. Barro, 563 -- Unanticipated Money, Output, and the Price Level in the United States / Robert J. Barro, 585 -- 6. Macroeconomic Control Problems, 619 -- Rules Rather than Discretion: The Inconsistency of Optimal Plans / Finn E. Kydland and Edward C. Prescott, 619 -- On the Time Consistency of Optimal Policy in a Monetary Economy / Guillermo A. Calvo, 639 -- Estimation and Control of a Macroeconomic Model with Rational Expectations / John B. Taylor, 659 -- Estimation and Optimal Control of Dynamic Game Models under Rational Expectations / Gregory C. Chow, 681.