In the context of a standard model of optimal monetary policy, I argue that expectations should be treated as adaptive rather than rational. This argument is justified by considering the rational expectations equilibrium of this model as the limit point of a sequence in which agents...

In the context of a standard model of optimal monetary policy, I argue that expectations should be treated as adaptive rather than rational. This argument is justified by considering the rational expectations equilibrium of this model as the limit point of a sequence in which agents...

In the context of a standard model of optimal monetary policy, I argue that expectations should be treated as adaptive rather than rational. This argument is justified by considering the rational expectations equilibrium of this model as the limit point of a sequence in which agents...

It has been recognised that management training and development in SMEs is a relatively poorly researched area and that the influencing factors for SMEs are not well understood. This paper outlines a regional study of the interest in competence based management development amongst SMEs. This is...

This paper examines the state of play regarding management development in SMEs. Additionally, it discusses government initiatives which seek to develop SME competitiveness through encouraging increased take‐up of management development. Helping SMEs to develop and grow is important to the...