Wirtschaftswissenschaft

Roger Guesnerie

The Government and Market Expectations

Jahrgang 157 () / Heft 1, S. 116-126 (11)

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The paper discusses the concept of »expectational market failures;« it attempts to assess the scope for Government intervention aiming at stabilizing economic agents' expectations. The rational-expectations hypothesis, »evolutive« and »eductive« learning, credibility, »indicative planning,« financial crisis, »knowledge failure« are some of the key words of the discussion.
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