Wirtschaftswissenschaft
Roger Guesnerie
The Government and Market Expectations
Jahrgang 157 (2001) / Heft 1, S. 116-126 (11)
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.