Rational Expectations in the Macro Model

William Poole

Discussants: Martin Neil Baily and Edmund S. Phelps

1976, No. 2

THE ANTICIPATIONS of households and firms played a central role in Keynes’ General Theory, and in the thinking of every macrotheorist since. My purpose in this paper is to examine the major new issues about anticipations raised by the recent explosion of theoretical and empirical work based on the theory of rational expectations

The Brookings Institution is committed to quality, independence, and impact.
We are supported by a diverse array of funders. In line with our values and policies, each Brookings publication represents the sole views of its author(s).

Rational Expectations in the Macro Model

Subscribe to the Economic Studies Bulletin

Rational Expectations in the Macro Model

William Poole WP William Poole Discussants: Martin Neil Baily and Martin Neil Baily Senior Fellow Emeritus - Economic Studies, Center on Regulation and Markets Edmund S. Phelps ESP Edmund S. Phelps Columbia University

William Poole

Discussants: Martin Neil Baily and Edmund S. Phelps