Learning and Expectations in Macroeconomics:
Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Evans, George W. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Princeton Princeton University Press 2001
Schriftenreihe:Frontiers of economic research
Schlagworte:
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Beschreibung:Description based upon print version of record
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on
Beschreibung:1 Online-Ressource (440 p.)
ISBN:9781400824267
DOI:10.1515/9781400824267

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