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Your search for "rational expectations" over the article keywords returned 103 results.

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21. Farrell, Michael James (1926–1975)

M.J. Farrell was born in 1926 and read Politics, Philosophy and Economics at New College, Oxford, graduating with First Class Honours. He moved to Cambridge ...

By Christopher Bliss. From The New Palgrave Dictionary of Economics, Second Edition, 2008

22. individualism versus holism

Issues about individualism and holism in economics surface because economics is committed to understanding both institutions and large-scale economic ...

By Harold Kincaid. From The New Palgrave Dictionary of Economics, Second Edition, 2008

23. rational expectations

Rational expectations is an equilibrium concept that attributes a common model (a joint probability distribution over exogenous variables and outcomes) ...

By Thomas J. Sargent. From The New Palgrave Dictionary of Economics, Second Edition, 2008

24. time consistency of monetary and fiscal policy

Why do even benevolent policymakers frequently break their promises? Kydland and Prescott (1977) discovered that, when outcomes depend on expectations, ...

By Paul Klein. From The New Palgrave Dictionary of Economics, Second Edition, 2008

25. uncertainty and general equilibrium

This article reviews alternative approaches to incorporating uncertainty in Walrasian models. It begins with a sketch of the Arrow–Debreu model of complete ...

By Mukul Majumdar and Roy Radner. From The New Palgrave Dictionary of Economics, Second Edition, 2008

26. learning in macroeconomics

Expectations play a key role in macroeconomics. The assumption of rational expectations has been recently relaxed by explicit models of forecasting and ...

By George W. Evans and Seppo Honkapohja. From The New Palgrave Dictionary of Economics, Second Edition, 2008

27. serial correlation and serial dependence

In this article we discuss serial correlation in a linear time series regression context and serial dependence in a nonlinear time series context. We ...

By Yongmiao Hong. From The New Palgrave Dictionary of Economics, Second Edition, 2008

28. rationality, bounded

‘Bounded rationality’ refers to rational choice that takes into account the cognitive limitations of the decision-maker – limitations of both knowledge ...

By Herbert A. Simon. From The New Palgrave Dictionary of Economics, Second Edition, 2008

29. central bank independence

Many countries have implemented reforms designed to grant their monetary authorities greater independence from direct political influence. These reforms ...

By Carl E. Walsh. From The New Palgrave Dictionary of Economics, Second Edition, 2008

30. market microstructure

Market microstructure research uses the rules and trading protocols of markets to analyse price formation in asset markets. Microstructure research shows ...

By Maureen O'Hara. From The New Palgrave Dictionary of Economics, Second Edition, 2008