RATIONAL EXPECTATIONS AND MONETARY THEORY: AN INVESTIGATIVE PAPER[1960 - 1989]

PROF Godwin Chukwudum Nwaobi ()

Macroeconomics from EconWPA

Abstract: SINCE 1930, EXPECTATIONS HAVE PLAYED AN IMPORTANT ROLE IN ECONOMIC THEORY AND THIS IS BECAUSE ECONOMICS IS GENERALLY CONCERNED WITH THE IMPLICATIONS OF CURRENT ACTIONS FOR THE FUTURE. THIS PAPER THEREFORE ARGUES THAT THE DEVELOPMENT OF RATIONAL EXPECTATIONS THEORY WILL MAKE A MORE SIGNIFICANT CONTRIBUTION TO ECONOMICS(AND IN PARTICULAR, MONETARY ECONOMICS) IN THE IMPETUS IT GIVES TO RESEARCH ON THE VITAL AREAS OF LEARNING AND PRICE EXPECTATIONS FORMATION

Keywords: RATIONAL EXPECTATIONS; MONETARY THEORY; AUGUMENTED PHILLIPS CURVE; INFLATION; OUTPUT; PRICES (search for similar items in EconPapers)
JEL-codes: E10 E50 N10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his, nep-hpe, nep-mac and nep-mon
Date: 2005-01-02
Note: Type of Document - pdf; pages: 10. THIS IS A PREVIOUS RESEARCH PAPER FOR PUBLIC ACCESS
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0501001

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