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A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Infl

A crucial challenge for economists is to figure out how people interpret the world and form expectations that are likely to influence their economic activity. T

This book develops the idea of rational expectations and surveys its use in economics today.

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t

Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly i