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Resuscitating the cobweb cycle

delete2004-12-03
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Klaus Reiner Schenk–Hoppé
DOI:10.1002/for.936delete
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摘要

摘要

En 中文
This article shows that permanent fluctuations in the cobweb model-though inconsistent with a rational expectations equilibrium-can be justified as being rational when reinterpreting the model in the theory of rational beliefs. Copyright (C) 2004 John Wiley Sons, Ltd.
Keyword:
cobweb model
rational beliefs
rational expectations
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Journal of Forecasting 封面图
Journal of Forecasting
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论文数:
2.3K
被引数:
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