Heterodox
How To Estimate “Rational” Market Expectations Of Future Inflation I am not a fan of rational expectations, hence the quotation marks around “rational” in the subject head here. Nevertheless I have become aware thanks to some posts at Econbrowser by the intrepid Menzie Chinn that the usual way this has been measured and reported by most people needs to be modified, with the understanding of this only developing quite recently. This came from a...
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