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Критичен Преглед На Основните Подходи За Моделиране На Икономическите Очаквания
[A Critical Review of Major Approaches for Modeling Economic Expectations]

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  • Gerunov, Anton
Abstract
The study presents a critical review of the main schools of thought regarding the formation of economic expectations. The overview includes static and adaptive expectations, rational expectations, learning approaches, and heterogeneous agents and heterogeneous information approaches. Key applications and limitations are outlined, resulting in an overall evaluation of the presented hypotheses. This is also put in the context of the newly emerging field of behavioral macroeconomics.

Suggested Citation

  • Gerunov, Anton, 2014. "Критичен Преглед На Основните Подходи За Моделиране На Икономическите Очаквания [A Critical Review of Major Approaches for Modeling Economic Expectations]," MPRA Paper 68797, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:68797
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    More about this item

    Keywords

    expectations; rational expectations; heterogeneous expectations; behavioral macroeconomics;
    All these keywords.

    JEL classification:

    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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