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Assessing Rational Expectations: Sunspot Multiplicity and Economic Fluctuations

by Roger Guesnerie

About this title: In this book Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis (REH). He focuses on the multiplicity question that arises in (infinite horizon) Rational Expectation models and considers the implications for a theory of endogenous fluctuations. The REH, which dominates the economic modelling of expectations in most fields of formalized economic theory, is often associated with an optimistic view of the working of the markets - a view that Guesnerie scrutinizes closely. The book is divided into four parts. The first part uses the framework of simple ... read more

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Assessing Rational Expectations: Sunspot Multiplicity and Economic Fluctuations

by Roger Guesnerie

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Publisher: The MIT Press Date Published: 2001 ISBN-13: 9780262072076 ISBN: 0262072076

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Binding: HB ISBN-13: 9780262072076 ISBN: 0262072076

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