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Assessing Rational Expectations: Sunspot Multiplicity and Economic Fluctuations

Roger Guesnerie

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In this book Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis . He focuses on the multiplicity question that arises in Rational Expectation models and considers the implications for a theory of endogenous fluctuations. The REH, which dominates the economic modelling of expectations in most fields of formalized economic theory, is often associated with an optimistic view of the working of the markets - a view that Guesnerie scrutinizes closely.

Language: English

Pages: 319

Format: Hardcover

Publisher: MIT Press (MA)

Release: April 13, 2001

ISBN: 0262072076

ISBN 13: 9780262072076

Assessing Rational Expectations: Sunspot Multiplicity and Economic Fluctuations

Roger Guesnerie

0/5 ( ratings)

In this book Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis . He focuses on the multiplicity question that arises in Rational Expectation models and considers the implications for a theory of endogenous fluctuations. The REH, which dominates the economic modelling of expectations in most fields of formalized economic theory, is often associated with an optimistic view of the working of the markets - a view that Guesnerie scrutinizes closely.

Language: English

Pages: 319

Format: Hardcover

Publisher: MIT Press (MA)

Release: April 13, 2001

ISBN: 0262072076

ISBN 13: 9780262072076

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