On the limits of rational expectations for policy analysis

In this lecture, I review work addressing three questions. First, are predictions about macro stabilization policies robust to reasonable departures from rational expectations? Second, do people's expectations converge to a particular set of rational expectations? Third, if they do converge, ho...

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Veröffentlicht in:	The Canadian journal of economics 2023-11, Vol.56 (4), p.1221-1237
1. Verfasser:	Eichenbaum, Martin
Format:	Artikel
Sprache:	eng
Schlagworte:	Answers Economic policy Economic stabilization Expectations Lernprozess Neoklassische Synthese Policy analysis Rationale Erwartung Stabilisierungspolitik Stabilization
Online-Zugang:	Volltext
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