Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155445
Authors: 
Hoover, Kevin
Young, Warren
Year of Publication: 
2011
Series/Report no.: 
CHOPE Working Paper 2011-10
Abstract: 
The transcript of a panel discussion marking the fiftieth anniversary of John Muth's "Rational Expectations and the Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert Shiller, and Neil Wallace. The discussion is moderated by Kevin Hoover and Warren Young. The panel touches 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.
Subjects: 
rational expectations
John F. Muth
macroeconomics
dynamics
macroeconomic policy
behavioral economics
efficient markets
JEL: 
B22
B31
B26
E17
Document Type: 
Working Paper

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