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rational expectations

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Journal Article
History of Political Economy (2020) 52 (S1): 143–167.
Published: 01 December 2020
...Marcel Boumans The rational expectations revolution was not based only on the introduction of Muth’s idea of rational expectations to macroeconomics; this introduction alone cannot explain the more drastic changes to the mathematical toolbox, concepts, and research strategies since the 1980s...
Journal Article
History of Political Economy (1984) 16 (2): 291–309.
Published: 01 June 1984
...Rodney Maddock Copyright © 1984 by Duke University Press 1984 The Research School of Social Sciences, The Australian National University, Canberra ACT 2600, Australia. Muddock Rational expectations macrotheory 303 process, but there is no way...
Journal Article
History of Political Economy (2000) 32 (1): 178–180.
Published: 01 March 2000
... of Rational Expectations: An Assessment of Thomas Sargent’s Achievements. By Esther-Mirjam Sent. Cambridge and New York: Cam- bridge University Press, 1998. x; 242 pp. Esther-Mirjam Sent’s book, in which she provides an account of the development...
Journal Article
History of Political Economy (2016) 48 (2): 341–347.
Published: 01 June 2016
...Bennett T. McCallum This brief article corrects or refines a few details about the work and career of John F. Muth and his involvement in the creation of rational expectations. Correspondence may be addressed to Bennett T. McCallum, Tepper School of Business, Carnegie Mellon University, 5000...
Journal Article
History of Political Economy (2000) 32 (Suppl_1): 95–116.
Published: 01 December 2000
... Measurement 6.1 : 27 -56. Davies, Anthony, and Kajal Lahiri. 1998 . Reexamining the Rational Expectations Hypothesis Using Panel Data on Multiperiod Forecasts. In Analysis of Panels and Limited Dependent Variable Models , edited by C. Hsiao, K. Lahiri, H. H. Pesaran, and L. F. Lee. Cambridge and New...
Journal Article
History of Political Economy (2001) 33 (4): 773–813.
Published: 01 November 2001
... of an Equilibrium for a Competitive Economy. Econometrica 22 : 265 -90. Bossons, J., and F. Modigliani. 1966 . Statistical vs. Structural Explanations of Understatement and Regressivity in“RationalExpectations. Econometrica 34.2 : 347 -53. Bronfenbrenner, Martin. 1992 . Letter to authors , 19...
Journal Article
History of Political Economy (2017) 49 (1): 137–159.
Published: 01 March 2017
... expectations to rational expectations in the modeling and testing of this hypothesis. I argue that Phelps criticized the predominance of the regressive effect in price expectations in Lucas and Rapping's (1969a) labor market model as the explanation to the tradeoff between inflation and unemployment and also...
Journal Article
History of Political Economy (2013) 45 (1): 1–38.
Published: 01 March 2013
...Antonella Rancan This article reconstructs Franco Modigliani’s and Herbert Simon’s close collaboration over the 1950s on implementation of a decision theory under uncertainty that partly contributed to the genesis of behavioral economics and rational expectations theory. Their collaboration reveals...
Journal Article
History of Political Economy (2020) 52 (S1): 115–142.
Published: 01 December 2020
..., and physical analogues to model the economy, realize the promise of stability of employment and prices, and avoid another depression similar to that of the 1930s. By the early 1970s Paul Samuelson and the rational expectations theorists were primed to be receptive to a second, Cold War shotgun wedding...
Journal Article
History of Political Economy (2002) 34 (2): 291–320.
Published: 01 June 2002
.... Sargent. 1971 . Regression with Non-Gaussian Stable Disturbances: Some Sampling Results. Econometrica 39.3 : 501 -10. Bossons, John, and Franco Modigliani. 1966 . Statistical vs. Structural Explanations of Understatement and Regressivity in“RationalExpectations. Econometrica 34.2 : 347 -53...
Journal Article
History of Political Economy (1984) 16 (2): 263–290.
Published: 01 June 1984
....’ American Economic Review 67 ( Sept. ): 728 -30. Barro , Robert J. 1976 . ‘Rational expectations and the role of monetary policy.’ Journal of Monetary Economics 2 ( Jan. ): 1 -33. Barro , Robert J. 1977a . ‘Long-term contracting, sticky prices, and monetary policy.’ Journal...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 305–321.
Published: 01 December 2006
... Represent? Journal of Economic Perspectives 6.2 : 117 -36. ____. 1993 . Ants, Rationality, and Recruitment. Quarterly Journal of Economics 108.1 : 137 -56. Kreps, David. 1977 . A Note on Fulfilled Expectations Equilibria. Journal of Economic Theory 14 : 32 -43. Kripke, Saul. 1959...
Journal Article
History of Political Economy (2019) 51 (3): 535–556.
Published: 01 June 2019
... Working Paper No. 2018–08 , 1 – 35 . Anderson Paul A. 1978 . “ Rational Expectations: How Important for Econometric Policy Analysis? ” Federal Reserve Bank of Minneapolis Quarterly Review 2 ( 4 ): 4 – 10 . Anderson Paul A. 1979 . “ Rational Expectations Forecasts...
Journal Article
History of Political Economy (2018) 50 (3): 425–481.
Published: 01 September 2018
... . “ Self-Fulfilling Prophecies and the Business Cycles .” CARESS Paper 84–12 . University of Pennsylvania . Fischer Stanley 1977 . “ Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule .” Journal of Political Economy 85 ( 1 ): 191 – 205 . Forder James...
Journal Article
History of Political Economy (2012) 44 (suppl_1): 226–249.
Published: 01 December 2012
... to a time-series model independent of any further economic explana- tion became dominant. Why? Our thesis is that it was, first, the inexorable result of the rise of the new classical macroeconomics and one of its key features, the rational expectations hypothesis, originally due to John Muth (1961...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 283–308.
Published: 01 December 2011
... the LSE school of dynamic specification approach first appeared and became influential nearly two decades later (e.g., see Gil- bert 1989). 3.  The Inverse Phillips Curve A new wave of interest in modeling the Phillips curve emerged around 1970, anticipating the rational expectations movement...
Journal Article
History of Political Economy (2019) 51 (3): 557–578.
Published: 01 June 2019
... , edited by Maas Harro Morgan Mary S. . History of Political Economy 44 ( supplement ): 226 – 49 . Erickson P. 2015 . The World the Game Theorists Made . Chicago : University of Chi–cago Press . Fischer S. 1977 . Long–Term Contracts, Rational Expectations...
Journal Article
History of Political Economy (1990) 22 (2): 261–279.
Published: 01 June 1990
.../NBER. Garvy , George . 1975 . Keynes and the economic activists of pre-Hitler Germany. Journal of Political Economy 83 ( April ): 391 -405. Grossman , Herschel I. 1980 . Rational expectations, business cycles, and government behavior. In Rational expectations and economic policy...
Journal Article
History of Political Economy (2005) 37 (2): 227–232.
Published: 01 June 2005
...: Oxford University Press. Sent, Esther-Mirjam. 1997 . Sargent versus Simon:Bounded Rationality Unbound. Cambridge Journal of Economics 21.3 : 323 -38. ____. 1998a . The Evolving Rationality of Rational Expectations: An Assessment of Thomas Sargent's Achievements . Cambridge: Cambridge...
Journal Article
History of Political Economy (2017) 49 (4): 713–714.
Published: 01 December 2017
... by bringing in so-called rational expectations. The central purpose of the present volume is to “demonstrate that prior to the mon- etarist and new classical counter-revolutions, the problem of expectations was at the forefront of economic inquiry both in the US and elsewhere” (1). Indeed, the authors...