Learning and Expectations in Macroeconomics:
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Bibliographic Details
Main Author: Evans, George W. (Author)
Format: Electronic eBook
Language:English
Published: Princeton Princeton University Press 2001
Series:Frontiers of economic research
Subjects:
Online Access:Volltext
Item Description: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
Physical Description:1 Online-Ressource (440 p.)
ISBN:9781400824267
DOI:10.1515/9781400824267

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