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Hardcover Assessing Rational Expectations: Sunspot Multiplicity and Economic Fluctuations Book
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ISBN: 0262072076

ISBN13: 9780262072076

Assessing Rational Expectations: Sunspot Multiplicity and Economic Fluctuations

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In this book Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis (REH). He focuses on the multiplicity question that arises in (infinite horizon) Rational Expectation models and considers the implications for a theory of endogenous fluctuations. The REH, which dominates the economic modelling of expectations in most fields of formalized economic theory, is often associated with an optimistic view of the working of the markets - a view that Guesnerie scrutinizes closely.

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Format: Hardcover

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