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Критичен Преглед На Основните Подходи За Моделиране На Икономическите Очаквания
[A Critical Review of Major Approaches for Modeling Economic Expectations]

Listed author(s):
  • Gerunov, Anton

The study presents a critical review of the main schools of thought regarding the formation of economic expectations. The overview includes static and adaptive expectations, rational expectations, learning approaches, and heterogeneous agents and heterogeneous information approaches. Key applications and limitations are outlined, resulting in an overall evaluation of the presented hypotheses. This is also put in the context of the newly emerging field of behavioral macroeconomics.

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File URL: https://mpra.ub.uni-muenchen.de/68797/1/MPRA_paper_68797.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 68797.

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Date of creation: 2014
Handle: RePEc:pra:mprapa:68797
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