Title |
Rational Expectations
|
Author |
Thomas J. Sargent |
|
Category
|
Schools of Economic Thought
|
Type |
Article |
Description |
This article describes the influences between expectations and outcomes, the efficient markets theory of stock prices, the permanent income theory of consumption, tax-smoothing models, expectational error models of the business cycle, and design of macroeconomic policies. |
URL |
http://www.econlib.org/library/Enc/RationalExpectations.html |
