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Rational expectations: Retrospect and prospect

Publication ,  Journal Article
Hoover, KD; Young, W
Published in: Macroeconomic Dynamics
July 1, 2013

The transcript of a panel discussion marking the 50th anniversary of John Muth's Rational Expectations and the Theory of Price Movements (Econometrica 1961). The panel consisted of Michael Lovell, Robert Lucas, Dale Mortensen, Robert Shiller, and Neil Wallace. The discussion was moderated by Kevin Hoover and Warren Young. The panel touched on a wide variety of issues related to the rational-expectations hypothesis, including its history, starting with Muth's work at Carnegie Tech; its methodological role; applications to policy; its relationship to behavioral economics; its role in the recent financial crisis; and its likely future. The panel discussion was held in a session sponsored by the History of Economics Society at the Allied Social Sciences Association (ASSA) meetings in the Capitol 1 Room of the Hyatt Regency Hotel in Denver, Colorado. © 2012 Cambridge University Press.

Duke Scholars

Published In

Macroeconomic Dynamics

DOI

EISSN

1469-8056

ISSN

1365-1005

Publication Date

July 1, 2013

Volume

17

Issue

5

Start / End Page

1169 / 1192

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 1403 Econometrics
  • 1402 Applied Economics
  • 1401 Economic Theory
 

Citation

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ICMJE
MLA
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Hoover, K. D., & Young, W. (2013). Rational expectations: Retrospect and prospect. Macroeconomic Dynamics, 17(5), 1169–1192. https://doi.org/10.1017/S1365100511000812
Hoover, K. D., and W. Young. “Rational expectations: Retrospect and prospect.” Macroeconomic Dynamics 17, no. 5 (July 1, 2013): 1169–92. https://doi.org/10.1017/S1365100511000812.
Hoover KD, Young W. Rational expectations: Retrospect and prospect. Macroeconomic Dynamics. 2013 Jul 1;17(5):1169–92.
Hoover, K. D., and W. Young. “Rational expectations: Retrospect and prospect.” Macroeconomic Dynamics, vol. 17, no. 5, July 2013, pp. 1169–92. Scopus, doi:10.1017/S1365100511000812.
Hoover KD, Young W. Rational expectations: Retrospect and prospect. Macroeconomic Dynamics. 2013 Jul 1;17(5):1169–1192.
Journal cover image

Published In

Macroeconomic Dynamics

DOI

EISSN

1469-8056

ISSN

1365-1005

Publication Date

July 1, 2013

Volume

17

Issue

5

Start / End Page

1169 / 1192

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 1403 Econometrics
  • 1402 Applied Economics
  • 1401 Economic Theory