Linked Readings

• “Notes on Rational Expectations”—a logical argument setting up rational expectations econometrics for undergraduates

• “Rational Expectations Econometrics” (written for an undergraduate class)

• “Accounting for Adaptation in the Economics of Happiness,” by Miles Kimball, Ryan Nunn and Dan Silverman, which deals with a continuous-time model with sporadic data.

• “In Praise of Partial Equilibrium” (It is good to have a result that is robust to ignorance about big parts of the economy, because we often are ignorant.)