The Government and Market Expectations
The 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.
Volume (Year): 157 (2001)
Issue (Month): 1 (March)
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