Критичен преглед на основните подходи за моделиране на икономическите очаквания

A Critical Review of Major Approaches for Modeling Economic Expectations

Anton Gerunov

MPRA Paper from University Library of Munich, Germany

Abstract: The study presents a critical review of the main schools of thought regarding the formation of economic expectations. The overview includes static and adaptive expectations, rational expectations, learning approaches, and heterogeneous agents and heterogeneous information approaches. Key applications and limitations are outlined, resulting in an overall evaluation of the presented hypotheses. This is also put in the context of the newly emerging field of behavioral macroeconomics.

Keywords: expectations; rational expectations; heterogeneous expectations; behavioral macroeconomics (search for similar items in EconPapers)
JEL-codes: D84 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68797

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