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Economic policy and rational expectations

Author

Listed:
  • Elizabeth Garnica de López

    (Universidad de Los Andes, Facultad de Economía)

Abstract

El presente artículo trata un tema controversial dentro de la teoría económica: La Hipótesis de las Expectativas Racionales (H.E.R.). Este planteamiento constituye un desafío a los principios keynesianos y un fuerte cuestionamiento a la validez de las políticas que normalmente tratan de utilizarse para lograr la estabilidad de la economía de un país. La H.E.R. supone la maximización de la racionalidad individual y la eficiencia de los mercados competitivos en la asignación de bienes, recursos e información. Se sugiere entonces que no deben emplearse políticas activas de estabilización, ya que los agentes económicos neutralizan cualquier acción. En el trabajo, también se presentan al lector, las objeciones y críticas ante la posición más estricta de Expectativas Racionales. Ello origina una nueva alternativa: las expectativas razonables.

Suggested Citation

  • Elizabeth Garnica de López, 1988. "Economic policy and rational expectations," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 13(2), pages 49-62, January-D.
    • Handle: RePEc:ula:econom:v:13:y:1988:i:2:p:49-62
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    More about this item

    Keywords

    Política económica; expectativas racionales; mercados competitivos;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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