The Government and Market Expectations

Roger Guesnerie ()

Journal of Institutional and Theoretical Economics (JITE), 2001, vol. 157, issue 1, 116-126

Abstract: 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.

JEL-codes: H11 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (1)

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