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Cataloged Resource Summary

 

Title

Rational Expectations

Author

Thomas J. Sargent

Category

Schools of Economic Thought

Type

Article

Description

This article describes the influences between expectations and outcomes, the efficient markets theory of stock prices, the permanent income theory of consumption, tax-smoothing models, expectational error models of the business cycle, and design of macroeconomic policies.

URL

http://www.econlib.org/library/Enc/RationalExpectations.html
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