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An Interview With Thomas J. Sargent Author info | Abstract | Publisher info | Download info | Related research | Statistics Evans, George W.
Honkapohja, Seppo
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The rational expectations hypothesis swept through macroeconomics during the 1970s and permanently altered the landscape. It remains the prevailing paradigm in macroeconomics, and rational expectations is routinely used as the standard solution concept in both theoretical and applied macroeconomic modelling. The rational expectations hypothesis was initially formulated by John F. Muth Jr. in the early 1960s. Together with Robert Lucas Jr., Thomas (Tom) Sargent pioneered the rational expectations revolution in macroeconomics in the 1970s.
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Article provided by Cambridge University Press in its journal Macroeconomic Dynamics .
Volume (Year): 9 (2005)
Issue (Month): 04 (September)
Pages: 561-583
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Handle: RePEc:cup:macdyn:v:9:y:2005:i:04:p:561-583_05Contact details of provider: Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK Fax: +44 (0)1223 325150 Email: Web page: http://journals.cambridge.org/jid_MDY
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