Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
gptkb:economic_policy
Fiscal policy |
| gptkbp:assumes |
Agents have unbiased forecasts
Agents use all relevant information |
| gptkbp:contrastsWith |
Adaptive expectations
|
| gptkbp:criticizedFor |
Behavioral economics
|
| gptkbp:field |
gptkb:Macroeconomics
Economics |
| gptkbp:hasConcept |
Expectations are model-consistent
Economic agents use all available information to form expectations |
| https://www.w3.org/2000/01/rdf-schema#label |
Rational expectations
|
| gptkbp:influenced |
gptkb:Real_business_cycle_theory
Dynamic stochastic general equilibrium models New classical macroeconomics |
| gptkbp:introduced |
gptkb:John_F._Muth
|
| gptkbp:introducedIn |
1961
|
| gptkbp:popularizedBy |
gptkb:Robert_Lucas_Jr.
|
| gptkbp:relatedConcept |
Rational choice theory
Efficient market hypothesis Expectations hypothesis |
| gptkbp:bfsParent |
gptkb:New_Keynesian_Economics
|
| gptkbp:bfsLayer |
8
|