The 1970s: The Rational Expectations Hypothesis at Work

Gordon Pepper
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Gordon Pepper: Department of Banking and Finance, City University Business School

Chapter 12 in Money, Credit and Asset Prices, 1994, pp 187-191 from Palgrave Macmillan

Abstract: Abstract Some readers may be expecting an account of the 1970s to describe how the relationships of the 1950s and 1960s continued throughout the 1970s and how profits could be made in stock markets from applying the techniques that have been described. If so, they have forgotten about the efficient-market hypothesis, which states that all known relevant information is assimilated by the market and that such information includes knowledge of financial forces.

Date: 1994
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DOI: 10.1057/9780230375932_13

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