KnowraAdaptive expectationsLinked fromLinked fromThe 6 pages that link to Adaptive expectations, each with the reason it gives.All 6Related 4Compared with 2Milton FriedmanRelated: Friedman used adaptive expectations to explain why attempts to exploit an inflation-unemployment trade-off would fade.Phillips curveRelated: When inflation expectations adjust, the short-run curve shifts rather than preserving a permanent trade-off.Rational expectationsCompared with: Unlike rational expectations, it need not use the full available information set.New Keynesian economicsCompared with: Standard New Keynesian models instead make expectations forward-looking and model-consistent.Inflation expectationsRelated: It shows how past inflation can carry forward into current expectations.Edmund PhelpsRelated: Phelps used backward-looking expectation formation to analyze inflation and employment dynamics.