The Government and Market Expectations

Roger Guesnerie ()

DELTA Working Papers from DELTA (Ecole normale supérieure)

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.

Keywords: MARKET; EXPECTATIONS; FINANCIAL TERMS (search for similar items in EconPapers)
JEL-codes: G13 G14 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2000
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Published in Journal of Institutional and Theoretical Economics, 2001, 157, 1, pp. 116-126.

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Persistent link: https://EconPapers.repec.org/RePEc:del:abcdef:2000-15

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