Adaptive expectations v. rational expectations.
As usual, It's the assumptions, stupid. Or better, the stupid assumptions.
Lars P. Syll
Phelps smacks down on Lucas’ rational expectations putsch
Edmund S. Phelps in Rethinking Expectations
Thursday, February 28, 2013
Lars Syll — Phelps smacks down on Lucas’ rational expectations putsch
Adaptive expectations v. rational expectations.
As usual, It's the assumptions, stupid. Or better, the stupid assumptions.
Lars P. Syll
Phelps smacks down on Lucas’ rational expectations putsch
Edmund S. Phelps in Rethinking Expectations
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment