Home|Journals|Articles by Year

Directory for Medical Articles
 

Original Article

Ekonomik Yaklasim. 1999; 10(32): 31-60


RATIONAL EXPECTATIONS

Melike BİLDİRİCİ.


Abstract

Rational expectation is an equilibrium concept that can be applied to dynamic economic models. The concept was introduced by John Muth (1960-1961) in two articles and he used explicitly stochastic dynamic models. When the Rational Expectation concept or Muth' s term first appeared in an economic jouınal article in 1961, it was given a specific technical meaning concepted with economic models. In everyday practical sense, rational expectations is simply an assumption about people's behaviour.Despite the impact that rational expectations has had in the development of macroeconomic theory, some economists stili appears to be an extreme and controversial set of ideas with only little "policy relevance".Basic aim of this paper has been showed that the work on rational expectations has been important for understanding economics

Key words: na

Article Language: Turkish English






Full-text options


Share this Article



Online Article Submission
• ejmanager.com







eJManager.com
Review(er)s Central
About BiblioMed
License Information
Terms & Conditions
Privacy Policy
Contact Us

The articles in Bibliomed are open access articles licensed under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (https://creativecommons.org/licenses/by-nc-sa/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.