rational-expectations

In the new "rational expectations models" , agents were given god-like features allowing them to see through the complexities of the world.

Recognizing that the efficient market hypothesis and the theory of rational expectations are both a dead end would be a major step forward.

Much of his work has focused on agents learning within models and less-than-fully-rational expectations.

The idea most economists would associate with him is "rational expectations" .

In theory, Clinton is a mixture of economics, Keynesian, monetary, and supply of school and school of a mixture of rational expectations.

This work collects the papers that have made significant contributions to formulating the idea of rational expectations.

These implications are in direct contradiction to the theory of rational expectations and the efficient market hypothesis.

Rational expectations theory and the efficient market hypothesis are products of this approach.

We describe a rational expectations model in which speculative bubbles in house prices can emerge.

The doctrine of rational expectations uses standard economic methods to explain how those expectations are formed.

In a brilliant linguistic coup, Prof Sargent and colleagues appropriated the term "rational expectations" for their answer.

Much of the criticism of rational expectations is integrated into this work.

Long-time slaves to rational expectations and efficient market theories have gone back to basics and rediscovered Keynes.

It is also at odds with the rational expectations economic school, which has been the prevailing orthodoxy in recent decades.

for his work on rational expectations.

how to understand and solve standard macro models with rational expectations;