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The government and market expectations

Article Abstract:

A commentary on the work by Roger Guesnerie concerning the influence of state institutions on the prevention of expectational market failure is presented. The importance of expectations to the working of the economy is discussed.

Author: Demougin, Dominique
Publisher: Verlag J.C.B. Mohr (Germany)
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2001

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The government and market expectations

Article Abstract:

Issues are presented concerning the influence of government intervention on expectational market failures and on the stabilization of the expectations of economic agents. The rational-expectations hypothesis is discussed.

Author: Guesnerie, Roger
Publisher: Verlag J.C.B. Mohr (Germany)
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2001

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The government and market expectations

Article Abstract:

A commentary on the work by Roger Guesnerie concerning the influence of state institutions on expectational market failure is presented. The intervention of the government to prevent market failure is discussed.

Author: Gruner, Hans Peter
Publisher: Verlag J.C.B. Mohr (Germany)
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2001

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Subjects list: Management, Economic aspects, Influence, Economic policy, Markets (Economics), Authorship, Business cycles, Political science, Public institutions, Guesnerie, Roger
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