The Government and Market Expectations
AbstractThe paper discusses the concept of 'expectational market failures'; it attempts to assess the scope for Government intervention aiming at stabilizing economic agents' expectations. The rational-expectations hypothesis, 'evolutive' and 'eductive' learning, credibility, 'indicative planning', financial crisis, 'knowledge failure' are some of the key words of the discussion.
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Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 157 (2001)
Issue (Month): 1 (March)
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Web page: http://www.mohr.de/jite
Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Other versions of this item:
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
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- Orlando Gomes, 2008.
"Stability under Learning: the Endogenous Growth Problem,"
Working Papers Series 1
ercwp1708, ISCTE-IUL, Business Research Unit (BRU-IUL).
- Gomes, Orlando, 2009. "Stability under learning: The endogenous growth problem," Economic Modelling, Elsevier, vol. 26(5), pages 807-816, September.
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