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Cover of: The Government and Market Expectations
Roger Guesnerie

The Government and Market Expectations

Section: Articles
Volume 157 (2001) / Issue 1, pp. 116-126 (11)
Published 09.07.2018
DOI 10.1628/0932456012974620
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  • 10.1628/0932456012974620
Summary
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.