KnowraRational expectationsLinked fromLinked fromThe 24 pages that link to Rational expectations, each with the reason it gives.All 24Broader topic 1Related 15Compared with 8Inflation TargetingRelated: Target credibility depends partly on whether people believe policy will match the announced goal.New Keynesian economicsRelated: Expected future inflation and policy shape current decisions in standard New Keynesian models.Lucas critiqueRelated: Policy announcements matter because expectations about future rules shape decisions today.MacroeconomicsRelated: Expected policy effects depend on how households and firms anticipate future conditions.Quantity theory of moneyRelated: Expectations can alter how quickly monetary changes affect wages, prices, and real activity.Independent central bankRelated: If wage and price setters anticipate political inflation incentives, the expected output gains disappear.Ricardian equivalenceRelated: Households must foresee the fiscal consequences of borrowing for the neutrality result.Dynamic stochastic general equilibriumRelated: DSGE agents form expectations about future prices and policy when choosing today.Finn E. KydlandRelated: Their policy analysis assumes that people anticipate how incentives alter government choices.Edmund PhelpsRelated: Phelps’s analysis of expectations helped prepare the ground for later macroeconomic modeling.Lars Peter HansenRelated: Many macroeconomic models Hansen studies use expectations that align with their structure.Christopher A. SimsRelated: Sims challenged how this assumption was imposed in large macroeconomic models.Robert Lucas Jr.Related: Lucas made expectations central to macroeconomic models rather than treating them as fixed or backward-looking.History of macroeconomic thoughtRelated: It challenged the assumption that systematic policy could reliably steer output.Rational choice modelRelated: Some choice models extend optimization to decisions based on forecasts.