A Critique of Adaptive and Rational Expectations

Author:

Gertchev Nikolay

Publisher

Mises Institute

Subject

General Economics, Econometrics and Finance

Reference41 articles.

1. Autume, Antoine (d’). 1986. “Les anticipations rationnelles dans l’analyse macroéconomique.” Revue d’économie politique 37 (2): 243–81.

2. Begg, David. 1982. The Rational Expectations Revolution in Macroeconomics. Baltimore, MD: The John Hopkins University Press.

3. Cagan, Phillip. [1957] 1973. “The Monetary Dynamics of Hyperinflation.” In Studies in The Quantity Theory of Money. Ed. Milton Friedman. Chicago: University of Chicago Press.

4. Estrella, Arturo, and Jeffrey Fuhrer. 2002. “Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models.” American Economic Review 92 (4): 1013–28.

5. Feige, E.L., and D.K. Pierce. 1976. “Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Measures of Monetary and Fiscal Policy?” Journal of Political Economy 84: 499–522.

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