Uncertainty, conventions and short-term expectations
ABSTRACT Contrasting different views on the topic, this article examines whether short-term expectations involve uncertainty, arguing in favour of an affirmative answer and thus invalidating any association with the rational or adaptive expectations hypothesis. It is then argued that the presence of...
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| Format: | Article |
| Language: | English |
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Editora 34
2022-04-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31571999000300470&tlng=en |