The problem of expectations in economic models is reviewed through the intellectual development of the author. Initial … efforts at macroeconomic modeling such as Foley-Sidrauski (Foley and Sidrauski 1971) treated expectations as conditioning … expectations) in this context leads to saddle-point instability of equilibrium, and the unanswered question of what behavioral …

extent that workers' (adaptive) price expectations lead to accelerating inflation or deflation, this will prompt central … among businessmen. Whereas economists before him tended to focus on the role of expectations in assets markets only …, Champernowne discussed expectations in both assets and labour markets. …

This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for … expected exchange rate changes. In doing so, we assess data for 31 economies from 2002 to 2017 and consider expectations …