The government and market expectations

Authors
Guesnerie, R
Citation
R. Guesnerie, The government and market expectations, J I THEOR E, 157(1), 2001, pp. 116-126
Citations number
37
Categorie Soggetti
Economics
Journal title
JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT
ISSN journal
09324569 → ACNP
Volume
157
Issue
1
Year of publication
2001
Pages
116 - 126
Database
ISI
SICI code
0932-4569(200103)157:1<116:TGAME>2.0.ZU;2-A
Abstract
The paper discusses the concept of "expectational market failures." it atte mpts to assess the scope for Government intervention aiming at stabilizing economic agents' expectations. The rational-expectations hypothesis, "evolu tive" and "eductive" learning, credibility, "indicative planning," financia l crisis, "knowledge failure" are some of the key words of the discussion.