Macroeconomic Analysis Without the Rational Expectations Hypothesis
نویسندگان
چکیده
منابع مشابه
Macroeconomic Analysis without the Rational Expectations Hypothesis∗
This paper reviews a variety of alternative approaches to the specification of the expectations of economic decisionmakers in dynamic models, and reconsiders familiar results in the theory of monetary and fiscal policy when one allows for departures from the hypothesis of rational expectations. The various approaches are all illustrated in the context of a common model, a log-linearized New Key...
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I am grateful to Jacques Dreze for helpful comments on an earlier draft.
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ژورنال
عنوان ژورنال: Annual Review of Economics
سال: 2013
ISSN: 1941-1383,1941-1391
DOI: 10.1146/annurev-economics-080511-110857