Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
Rational Agents
Efficient Use of Information |
| gptkbp:contrastsWith |
gptkb:Adaptive_Expectations
|
| gptkbp:criticizedFor |
Assuming Perfect Foresight
Ignoring Behavioral Biases |
| gptkbp:developedBy |
gptkb:John_F._Muth
|
| gptkbp:field |
Economics
|
| gptkbp:hasConcept |
Agents use all available information to form expectations
Expectations are model-consistent |
| https://www.w3.org/2000/01/rdf-schema#label |
Rational Expectations
|
| gptkbp:influenced |
gptkb:Dynamic_Stochastic_General_Equilibrium_Models
gptkb:Policy_Ineffectiveness_Proposition gptkb:Real_Business_Cycle_Theory |
| gptkbp:introducedIn |
1961
|
| gptkbp:popularizedBy |
gptkb:Robert_Lucas_Jr.
|
| gptkbp:publishedIn |
gptkb:Econometrica
|
| gptkbp:relatedTo |
gptkb:Microeconomics
gptkb:Macroeconomics gptkb:Expectations_Theory gptkb:New_Classical_Economics Monetary Policy Fiscal Policy |
| gptkbp:usedIn |
Forecasting
Macroeconomic Modeling |
| gptkbp:bfsParent |
gptkb:William_Bernstein
|
| gptkbp:bfsLayer |
6
|