Rational Expectations and Inflation

"Sargent's work on inflation remains central to cutting-edge research in economics as well as to current and momentous policy decisions. Are the United States and Europe headed toward inflation with our large and intractable deficits? Will the European currency union survive? The breakthrough theoretical insights and brilliant case studies in this book are still the foundations that anyone thinking about these questions needs to read, and then to read again."--John H. Cochrane, author of Asset Pricing"Rational Expectations and Inflation is a collection of classic articles on the subject, several of which were explicitly cited in the scientific background to Sargent's Nobel Prize. The contribution of this book is great."--Marco Bassetto, Federal Reserve Bank of Chicago