, aggregate unemployment, or consumer expectations. The absence of such an effect, despite a comparatively large effect of energy …

This paper shows that the Ricardian Equivalence proposition can continue to hold when expectations are not rational and … are instead formed using adaptive learning rules. In temporary equilibrium, with given expectations, Ricardian Equivalence … holds under the standard conditions for its validity under rational expectations. Furthermore, Ricardian Equivalence holds …

expectations about the age at which one will leave the labor market appears to be easier for workers in jobs with well defined …

Realignment expectations which measure exchange rate credibility are analysed for European exchange rates using daily … expectations and macroeconomic variables, although there are signs that lower inflation improves credibility. Statistically, many … movements to realignment expectations are common to ERM participants. There were few indications of poor ERM credibility before …

their relative role in forming exchange rate expectations. We find that there are distinct periods of high and low …