메뉴 건너뛰기




Volumn 19, Issue 1, 1996, Pages 3-28

Convenience: The mother of all rationality in Sargent

(1)  Sent, Esther Mirjam a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0039340378     PISSN: 01603477     EISSN: None     Source Type: Journal    
DOI: 10.1080/01603477.1996.11490093     Document Type: Article
Times cited : (4)

References (81)
  • 3
    • 0003787146 scopus 로고
    • Princeton, NJ: Princeton University Press
    • Bellman, R.E. Dynamic Programming. Princeton, NJ: Princeton University Press, 1957.
    • (1957) Dynamic Programming
    • Bellman, R.E.1
  • 7
    • 0012175393 scopus 로고
    • The Ex Ante prediction performance of the St. Louis and FRB-MIT-PENN econometric models and some results on composite predictors
    • Cooper, J.P., and Nelson, C.R. "The Ex Ante Prediction Performance of the St. Louis and FRB-MIT-PENN Econometric Models and Some Results on Composite Predictors." Journal of Money, Credit, and Banking, 1975, 7 (1), 1-32.
    • (1975) Journal of Money, Credit, and Banking , vol.7 , Issue.1 , pp. 1-32
    • Cooper, J.P.1    Nelson, C.R.2
  • 8
    • 0001089673 scopus 로고
    • Rational expectations: A fallacious foundation for studying crucial decision-making processes
    • Davidson, P. "Rational Expectations: A Fallacious Foundation for Studying Crucial Decision-Making Processes." Journal of Post Keynesian Economics, 1982-83, 5 (2), 182-207.
    • (1982) Journal of Post Keynesian Economics , vol.5 , Issue.2 , pp. 182-207
    • Davidson, P.1
  • 9
    • 34347376709 scopus 로고
    • A technical definition of uncertainty and the long-run non-neutrality of money
    • _. "A Technical Definition of Uncertainty and the Long-Run Non-Neutrality of Money." Cambridge Journal of Economics, 1988, 12 (3), 329-337.
    • (1988) Cambridge Journal of Economics , vol.12 , Issue.3 , pp. 329-337
  • 10
    • 0000177130 scopus 로고
    • Is probability theory relevant for uncertainty? A post Keynesian perspective
    • _. "Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective." Journal of Economic Perspectives, 1991, 5 (1), 129-143.
    • (1991) Journal of Economic Perspectives , vol.5 , Issue.1 , pp. 129-143
  • 13
    • 0003440742 scopus 로고
    • Cambridge: Cambridge University Press
    • Gigerenzer, G., et al. The Empire of Chance. Cambridge: Cambridge University Press, 1989.
    • (1989) The Empire of Chance
    • Gigerenzer, G.1
  • 16
    • 0000714094 scopus 로고
    • Forward exchange rates as optimal predictors of future spot rates: An econometric analysis
    • Hansen, L.P., and Hodrick, R.J. "Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis." Journal of Political Economy, 1980, 88 (5), 829-853.
    • (1980) Journal of Political Economy , vol.88 , Issue.5 , pp. 829-853
    • Hansen, L.P.1    Hodrick, R.J.2
  • 17
    • 0003328995 scopus 로고
    • Formulating and estimating dynamic linear expectations models
    • R.E. Lucas and T.J. Sargent (eds.), Minneapolis: University of Minnesota Press
    • Hansen, L.P., and Sargent, T.J. "Formulating and Estimating Dynamic Linear Expectations Models." In R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 91-125 [Reprinted from Journal of Economic Dynamics and Control, 1980, 2 (1), 1-46.]
    • (1981) Rational Expectations and Econometric Practice , pp. 91-125
    • Hansen, L.P.1    Sargent, T.J.2
  • 18
    • 0039221242 scopus 로고
    • Hansen, L.P., and Sargent, T.J. "Formulating and Estimating Dynamic Linear Expectations Models." In R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 91-125 [Reprinted from Journal of Economic Dynamics and Control, 1980, 2 (1), 1-46.]
    • (1980) Journal of Economic Dynamics and Control , vol.2 , Issue.1 , pp. 1-46
  • 19
    • 0003254834 scopus 로고
    • Linear rational expectations models for dynamically interrelated variables
    • R.E. Lucas and T.J. Sargent (eds.), Minneapolis: University of Minnesota Press
    • _. "Linear Rational Expectations Models for Dynamically Interrelated Variables." In R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981a, pp. 127-156.
    • (1981) Rational Expectations and Econometric Practice , pp. 127-156
  • 20
    • 0039813162 scopus 로고
    • A note on Wiener-Kolmogorov prediction formulas for rational expectations models
    • _. "A Note on Wiener-Kolmogorov Prediction Formulas for Rational Expectations Models." Economics Letters, 1981b, 8 (3), 255-260.
    • (1981) Economics Letters , vol.8 , Issue.3 , pp. 255-260
  • 21
    • 0000244211 scopus 로고
    • Instrumental variables procedures for estimating linear rational expectations models
    • _. "Instrumental Variables Procedures for Estimating Linear Rational Expectations Models." Journal of Monetary Economics, 1982, 9 (3), 263-296.
    • (1982) Journal of Monetary Economics , vol.9 , Issue.3 , pp. 263-296
  • 22
    • 0013261036 scopus 로고
    • The dimensionality of the aliasing problem in models with rational spectral densities
    • _. "The Dimensionality of the Aliasing Problem in Models with Rational Spectral Densities." Econometrica, 1983, 51 (2), 377-387.
    • (1983) Econometrica , vol.51 , Issue.2 , pp. 377-387
  • 25
    • 0003219962 scopus 로고
    • Exact linear expectations models: Specification and estimation
    • Boulder, CO: Westview Press
    • _. "Exact Linear Expectations Models: Specification and Estimation." In L.P. Hansen and T.J. Sargent (eds.), Rational Expectations Econometrics. Boulder, CO: Westview Press, 1991b, pp. 45-76.
    • (1991) Rational Expectations Econometrics , pp. 45-76
    • Hansen, L.P.1    Sargent, T.J.2
  • 26
    • 0003236002 scopus 로고
    • Two difficulties in interpreting Vector autoregressions
    • Boulder, CO: Westview Press
    • _. "Two Difficulties in Interpreting Vector Autoregressions." In L.P. Hansen and T.J. Sargent (eds.), Rational Expectations Econometrics. Boulder, CO: Westview Press, 1991c, pp. 77-120.
    • (1991) Rational Expectations Econometrics , pp. 77-120
    • Hansen, L.P.1    Sargent, T.J.2
  • 27
    • 0003496383 scopus 로고
    • Unpublished manuscript. Stanford University, Hoover Institution
    • _. "Recursive Linear Models of Dynamic Economies." Unpublished manuscript. Stanford University, Hoover Institution, 1991d.
    • (1991) Recursive Linear Models of Dynamic Economies
  • 30
    • 85024429815 scopus 로고
    • A new approach to linear filtering and prediction problems
    • March
    • Kalman, R.E. "A New Approach to Linear Filtering and Prediction Problems." Journal of Basic Engineering, March 1960, 82, 35-45.
    • (1960) Journal of Basic Engineering , vol.82 , pp. 35-45
    • Kalman, R.E.1
  • 33
    • 0039221243 scopus 로고
    • A funny thing happened on the way to equilibrium: The interplay of economic theory and time series analysis from 1890 to 1938
    • Klein, J.L. "A Funny Thing Happened on the Way to Equilibrium: The Interplay of Economic Theory and Time Series Analysis from 1890 to 1938." Manuscript presented at the ASSA meetings, 1995.
    • (1995) ASSA Meetings
    • Klein, J.L.1
  • 35
    • 0002204808 scopus 로고
    • Econometric testing of the natural rate hypothesis
    • Z. Eckstein (ed.), Washington, DC: Board of Governors of the Federal Reserve System
    • Lucas, R.E. "Econometric Testing of the Natural Rate Hypothesis." In Z. Eckstein (ed.), The Econometrics of Price Determination Conference. Washington, DC: Board of Governors of the Federal Reserve System, 1972b.
    • (1972) The Econometrics of Price Determination Conference
    • Lucas, R.E.1
  • 36
    • 58149405892 scopus 로고
    • Econometric policy evaluation: A critique
    • Carnegie-Rochester Conference Series on Public Policy, Amsterdam: North-Holland
    • _. "Econometric Policy Evaluation: A Critique." In K. Brunner and A.H. Meltzer (eds.) The Phillips Curve and Labor Markets. Carnegie-Rochester Conference Series on Public Policy, vol. 1. Amsterdam: North-Holland, 1976, pp. 19-46.
    • (1976) The Phillips Curve and Labor Markets , vol.1 , pp. 19-46
    • Brunner, K.1    Meltzer, A.H.2
  • 39
    • 84986413086 scopus 로고
    • From a VAR to a structural model, with an application to the wage-price spiral
    • Monfort, A., and Rabemananjara, R. "From a VAR to a Structural Model, with an Application to the Wage-Price Spiral." Journal of Applied Econometrics, 1990, 5, 203-228.
    • (1990) Journal of Applied Econometrics , vol.5 , pp. 203-228
    • Monfort, A.1    Rabemananjara, R.2
  • 40
    • 84947407492 scopus 로고
    • Optimal properties of exponentially weighted forecasts
    • Muth, J.F. "Optimal Properties of Exponentially Weighted Forecasts." Journal of the American Statistical Association, 1960, 55 (290), 299-306.
    • (1960) Journal of the American Statistical Association , vol.55 , Issue.290 , pp. 299-306
    • Muth, J.F.1
  • 41
    • 0001281286 scopus 로고
    • Rational expectations and the theory of price movements
    • _. "Rational Expectations and the Theory of Price Movements." Econometrica, 1961, 29 (3), 315-335.
    • (1961) Econometrica , vol.29 , Issue.3 , pp. 315-335
  • 42
    • 0000962634 scopus 로고
    • The prediction performance of the FRB-MIT-Penn model of the U.S. economy
    • Nelson, C.R. "The Prediction Performance of the FRB-MIT-Penn Model of the U.S. Economy." American Economic Review, 1972, 62 (5), 902-917.
    • (1972) American Economic Review , vol.62 , Issue.5 , pp. 902-917
    • Nelson, C.R.1
  • 43
    • 0011413633 scopus 로고
    • Distributed lags and unobserved components in economic time series
    • W.J. Fellner (ed.), New York: Wiley
    • Nerlove M.L. "Distributed Lags and Unobserved Components in Economic Time Series." In W.J. Fellner (ed.), Ten Economic Studies in the Tradition of Irving Fisher. New York: Wiley, 1967.
    • (1967) Ten Economic Studies in the Tradition of Irving Fisher
    • Nerlove, M.L.1
  • 44
    • 0040405639 scopus 로고
    • Compensation of feedback control systems subject to saturation
    • Newton, G.C. "Compensation of Feedback Control Systems Subject to Saturation." J. Franklin Institute, 1952, 254, 281-286, 391-413.
    • (1952) J. Franklin Institute , vol.254 , pp. 281-286
    • Newton, G.C.1
  • 46
    • 0027076976 scopus 로고
    • The interaction between theory and observation in economics
    • Pesaran, M.H., and Smith, R. "The Interaction between Theory and Observation in Economics." Economic and Social Review, 1992, 24 (1), 1-23.
    • (1992) Economic and Social Review , vol.24 , Issue.1 , pp. 1-23
    • Pesaran, M.H.1    Smith, R.2
  • 47
    • 0016335997 scopus 로고
    • Applications of principal components and factor analysis in the identification of multi-variable systems
    • Priestly, M.B.; Rao, T.S.; and Tong, H. "Applications of Principal Components and Factor Analysis in the Identification of Multi-variable Systems." IEEE Transactions on Automatic Control, 1974, AC-19 (6), 730-734.
    • (1974) IEEE Transactions on Automatic Control , vol.AC-19 , Issue.6 , pp. 730-734
    • Priestly, M.B.1    Rao, T.S.2    Tong, H.3
  • 49
    • 0000093832 scopus 로고
    • The demand for money during hyperinflation under rational expectations: II
    • Salemi, M.K., and Sargent, T.J. "The Demand for Money during Hyperinflation under Rational Expectations: II." International Economic Review, 1979, 20 (3), 741-758.
    • (1979) International Economic Review , vol.20 , Issue.3 , pp. 741-758
    • Salemi, M.K.1    Sargent, T.J.2
  • 50
    • 84925169552 scopus 로고
    • A note on the 'accelerationist' controversy
    • R.E. Lucas and T.J. Sargent (eds.), Minneapolis: University of Minnesota Press
    • Sargent, T.J. "A Note on the 'Accelerationist' Controversy." In R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 33-38. [Reprinted from Journal of Money, Credit, and Banking, 1971, 3 (3), 721-725.]
    • (1981) Rational Expectations and Econometric Practice , pp. 33-38
    • Sargent, T.J.1
  • 51
    • 0000170559 scopus 로고
    • Sargent, T.J. "A Note on the 'Accelerationist' Controversy." In R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 33-38. [Reprinted from Journal of Money, Credit, and Banking, 1971, 3 (3), 721-725.]
    • (1971) Journal of Money, Credit, and Banking , vol.3 , Issue.3 , pp. 721-725
  • 52
    • 0039091366 scopus 로고
    • The observational equivalence of natural and unnatural rate theories of macroeconomics
    • _. "The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics." Journal of Political Economy, 1976, 86 (6), 1009-1044. [Reprinted in R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 553-562.]
    • (1976) Journal of Political Economy , vol.86 , Issue.6 , pp. 1009-1044
  • 53
    • 0004126103 scopus 로고
    • Minneapolis: University of Minnesota Press
    • _. "The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics." Journal of Political Economy, 1976, 86 (6), 1009-1044. [Reprinted in R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 553-562.]
    • (1981) Rational Expectations and Econometric Practice , pp. 553-562
    • Lucas, R.E.1    Sargent, T.J.2
  • 54
    • 0037936040 scopus 로고
    • The demand for money during hyperinflations under rational expectations: I
    • _. "The Demand for Money during Hyperinflations under Rational Expectations: I." International Economic Review, 1977a, 18 (1), 59-82. [Reprinted in R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 429-452.]
    • (1977) International Economic Review , vol.18 , Issue.1 , pp. 59-82
  • 55
    • 0004126103 scopus 로고
    • Minneapolis: University of Minnesota Press
    • _. "The Demand for Money during Hyperinflations under Rational Expectations: I." International Economic Review, 1977a, 18 (1), 59-82. [Reprinted in R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 429-452.]
    • (1981) Rational Expectations and Econometric Practice , pp. 429-452
    • Lucas, R.E.1    Sargent, T.J.2
  • 57
    • 0001858827 scopus 로고
    • Estimation of dynamic labor demand schedules under rational expectations
    • _. "Estimation of Dynamic Labor Demand Schedules under Rational Expectations." Journal of Political Economy, 1978, 84 (2), 207-237. [Reprinted in R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 463-500.]
    • (1978) Journal of Political Economy , vol.84 , Issue.2 , pp. 207-237
  • 58
    • 0004126103 scopus 로고
    • Minneapolis: University of Minnesota Press
    • _. "Estimation of Dynamic Labor Demand Schedules under Rational Expectations." Journal of Political Economy, 1978, 84 (2), 207-237. [Reprinted in R.E. Lucas and T.J. Sargent (eds.), Rational Expectations and Econometric Practice. Minneapolis: University of Minnesota Press, 1981, pp. 463-500.]
    • (1981) Rational Expectations and Econometric Practice , pp. 463-500
    • Lucas, R.E.1    Sargent, T.J.2
  • 59
    • 0011316679 scopus 로고
    • Estimating Vector autoregressions using methods not based on explicit economic theories
    • _. "Estimating Vector Autoregressions Using Methods not Based on Explicit Economic Theories." Federal Reserve Bank of Minneapolis Quarterly Review, 1979, 3 (3), 8-15.
    • (1979) Federal Reserve Bank of Minneapolis Quarterly Review , vol.3 , Issue.3 , pp. 8-15
  • 60
    • 0019663195 scopus 로고
    • Interpreting economic time series
    • _. "Interpreting Economic Time Series." Journal of Political Economy, 1981, 89 (2), 213-248.
    • (1981) Journal of Political Economy , vol.89 , Issue.2 , pp. 213-248
  • 61
    • 0003730937 scopus 로고
    • An economist's foreword to prediction and regulation by linear least-square methods
    • Minneapolis: University of Minnesota Press
    • _. "An Economist's Foreword to Prediction and Regulation by Linear Least-Square Methods." In P. Whittle, Prediction and Regulation by Linear Least-Square Methods, 2d rev. ed. Minneapolis: University of Minnesota Press, 1983, pp. v-vii.
    • (1983) Prediction and Regulation by Linear Least-square Methods, 2d Rev. Ed.
    • Whittle, P.1
  • 63
    • 0004222017 scopus 로고
    • Cambridge, MA: Harvard University Press
    • _. Dynamic Macroeconomic Theory. Cambridge, MA: Harvard University Press, 1987b.
    • (1987) Dynamic Macroeconomic Theory
  • 65
    • 0040999756 scopus 로고
    • Review of game theory and economic modeling by D.M. Kreps
    • _. "Review of Game Theory and Economic Modeling by D.M. Kreps." Journal of Political Economy, 1992, 100 (3), 665-672.
    • (1992) Journal of Political Economy , vol.100 , Issue.3 , pp. 665-672
  • 67
    • 0003331699 scopus 로고
    • Business cycle modeling without pretending to have too much a priori theory
    • C.A. Sims (ed.), Federal Reserve Bank of Minneapolis
    • Sargent, T.J., and Sims, C.A. "Business Cycle Modeling without Pretending to Have Too Much A Priori Theory." In C.A. Sims (ed.), New Methods in Business Cycle Research: Proceedings from a Conference. Federal Reserve Bank of Minneapolis, 1977, pp. 45-109.
    • (1977) New Methods in Business Cycle Research: Proceedings from a Conference , pp. 45-109
    • Sargent, T.J.1    Sims, C.A.2
  • 68
    • 0039221246 scopus 로고    scopus 로고
    • Cambridge: Cambridge University Press, forthcoming
    • Sent, E.-M. Resisting Sargent. Cambridge: Cambridge University Press, forthcoming.
    • Resisting Sargent
    • Sent, E.-M.1
  • 69
    • 85017459501 scopus 로고
    • The volatility of long-term interest rates and expectations models of the term structure
    • Shiller, R.J. "The Volatility of Long-Term Interest Rates and Expectations Models of the Term Structure." Journal of Political Economy, 1979, 87 (6), 1190-1219.
    • (1979) Journal of Political Economy , vol.87 , Issue.6 , pp. 1190-1219
    • Shiller, R.J.1
  • 70
    • 0001787217 scopus 로고
    • Dynamic programming under uncertainty with a quadratic objective function
    • Simon, H.A. "Dynamic Programming under Uncertainty with a Quadratic Objective Function." Econometrica, 1956, 24 (1), 74-81.
    • (1956) Econometrica , vol.24 , Issue.1 , pp. 74-81
    • Simon, H.A.1
  • 71
    • 0004077471 scopus 로고
    • Cambridge, MA: MIT Press
    • _. Models of Bounded Rationality, vol. 1. Cambridge, MA: MIT Press, 1982.
    • (1982) Models of Bounded Rationality , vol.1
  • 72
    • 0004247494 scopus 로고
    • New York: Basic Books
    • _. Models of My Life. New York: Basic Books, 1991.
    • (1991) Models of My Life
  • 73
    • 0002402594 scopus 로고
    • Discrete approximations to continuous time lag distributions in econometrics
    • Sims, C.A. "Discrete Approximations to Continuous Time Lag Distributions in Econometrics." Econometrica, 1971, 39, 545-564.
    • (1971) Econometrica , vol.39 , pp. 545-564
    • Sims, C.A.1
  • 74
    • 0000997472 scopus 로고
    • Macroeconomics and reality
    • _. "Macroeconomics and Reality." Econometrica, 1980, 48 (1), 1-45.
    • (1980) Econometrica , vol.48 , Issue.1 , pp. 1-45
  • 75
    • 0039813178 scopus 로고
    • Temporally oriented laws
    • Sober, E. "Temporally Oriented Laws." Synthese, 1993, 94 (2), 171-189.
    • (1993) Synthese , vol.94 , Issue.2 , pp. 171-189
    • Sober, E.1
  • 76
    • 4243541134 scopus 로고
    • An heuristic overview of nonstationarity
    • A.G. Miamee (ed.), Singapore: World Scientific
    • Treviño, G. "An Heuristic Overview of Nonstationarity." In A.G. Miamee (ed.), Non-stationary Stochastic Processes and Their Applications. Singapore: World Scientific, 1992, pp. 8-61.
    • (1992) Non-stationary Stochastic Processes and Their Applications , pp. 8-61
    • Treviño, G.1
  • 81
    • 0002579829 scopus 로고
    • Time series analysis and simultaneous equation models
    • Zellner, A., and Palm, F. "Time Series Analysis and Simultaneous Equation Models." Journal of Econometrics, 1974, 2(1), 17-54.
    • (1974) Journal of Econometrics , vol.2 , Issue.1 , pp. 17-54
    • Zellner, A.1    Palm, F.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.