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.
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|Date of creation:||2000|
|Date of revision:|
|Publication status:||Published in Journal of Institutional and Theoretical Economics, 2001, 157, 1, pp. 116-126.|
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