Encompassing and Rational Expectations: How Sequential Corroboration Can Imply Refutation.

Encompassing and Rational Expectations: How Sequential Corroboration Can Imply Refutation.

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Even though pieces of empirical evidence individually may corroborate an economic theory, their joint existence may refute that same theory. Testing of rational expectations models provides a concrete illustration of this principle. Surprisingly, empirical refutation of a rational expectations model...

書誌詳細
主要な著者:	Ericsson, N, Hendry, D
フォーマット:	Journal article
言語:	English
出版事項:	Springer-Verlag 1999

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