Guesnerie, Roger - In: Journal of Institutional and Theoretical Economics (JITE) 157 (2001) 1, pp. 116-116
The paper discusses the concept of 'expectational market failures'; it attempts to assess the scope for Government intervention aiming at stabilizing economic agents' expectations. The rational-expectations hypothesis, 'evolutive' and 'eductive' learning, credibility, 'indicative planning',...