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- W2278213483 abstract "Rational expectations assumes perfect, model consistency between beliefs and market realizations. Here we discuss behaviorally rational expectations, characterized by an observable, parsimonious and intuitive form of consistency between beliefs and realizations. We discuss three case-studies. Firstly, a New Keynesian macro model with a representative agent learning an optimal, but" @default.
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- W2278213483 date "2014-01-15" @default.
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- W2278213483 title "Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria" @default.
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- W2278213483 doi "https://doi.org/10.1561/105.00000004" @default.
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