We consider Rational Expectations Equilibria in infinite horizon models in which equilibrium to-day depends upon the …

frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to … outperform the standard three low frequency survey measures in tests of accuracy, predictive power, and rationality, indicating …

this result, it is established too that adding common knowledge of the rationality of the formation of expectations —on top … of that of rationality of choices and market clearing— does not suffice either to guarantee rational expectations …Rational expectations do not require beliefs to be consistent with history and with what agents can conclude from it …

particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

The concept of adaptive rationality as a characteristic of economic behavior viewed in the framework of evolution of … institutions is proposed in the paper. The analysis of the most important approaches to rationality in the economic theory has … allowed identifying the special nature of adaptive rationality and its manifestations at various levels of the economic …

The paper explains how workers' expectations of being discriminated against can be self-confirming, accounting for the …