The government and market expectations
Article Abstract:
A commentary on the work by Roger Guesnerie concerning the influence of state institutions on the prevention of expectational market failure is presented. The importance of expectations to the working of the economy is discussed.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2001
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The government and market expectations
Article Abstract:
Issues are presented concerning the influence of government intervention on expectational market failures and on the stabilization of the expectations of economic agents. The rational-expectations hypothesis is discussed.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
The government and market expectations
Article Abstract:
A commentary on the work by Roger Guesnerie concerning the influence of state institutions on expectational market failure is presented. The intervention of the government to prevent market failure is discussed.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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