Learning and Expectations in Macroeconomics

George W. Evans, Seppo Honkapohja

A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on

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Year of publication:	2001
Authors:	Evans, George W.
Other Persons:	Honkapohja, Seppo (contributor)
Publisher:	Princeton : Princeton University Press
Subject:	Makroökonomik \| Macroeconomics \| Lernen \| Learning \| Adaptive Erwartungen \| Adaptive expectations \| Begrenzte Rationalität \| Bounded rationality \| Stochastischer Prozess \| Stochastic process \| Theorie \| Theory \| Nichtlineare Regression \| Nonlinear regression \| Makroökonomie \| Rationale Erwartung
Description of contents:	Table of Contents [external.dandelon.com] ; Description [degruyter.com] ; Description [degruyter.com] ; Description [degruyter.com]