Titlebook: Expectations; Theory and Applicati Arie Arnon,Warren Young,Karine van der Beek Book 2020 Springer Nature Switzerland AG 2020 Expectations.E

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https://doi.org/10.1007/978-3-322-83502-4e highlight: (1) the role of macro-populism in generating hyperinflation; (2) the role of seigniorage revenue in generating the hyperinflation; (3) distributive effects of inflation stabilization, which are political driving forces behind the need for across-the-broad-coalition for a successful stab

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Book 2020 in the “ancient” and “meso” periods of high theory, i.e., from Smithian to Keynesian approaches. The papers cover topics such as “modern” applications of expectations in both “Tobinesque-Phillips” and “Harrodian-Solowian” contexts, and the debate between Friedmanite and Keynesian approaches to expe

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Unfulfilled Expectations: One Economist’s Historyng such as Foley–Sidrauski (Foley and Sidrauski .) treated expectations as conditioning variables for representative agent stock demands and supplies of financial and real assets. Perfect foresight (rational expectations) in this context leads to saddle-point instability of equilibrium, and the unan

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Expectations and Its Variants: The Nuanced Role of Expectations in Classical Economicsaspects of expectation which are rarely explicitly discussed. One is the expectations that other agents would behave in a particular manner—which has been the subject of some questioning in the context of the problem embedded in the idea of the cunning of reason. The other aspect of expectations is

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