Introduction to Rational Expectations

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Introduction to Rational Expectations
Jodi Beggs
Economics Expert
Introduction to Rational Expectations
This article introduces the concept of rational expectations and explains why an assumption of rational assumption makes sense to describe the formation of beliefs about future events.
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Pareto Improvements and Pareto Eficiency
This article introduces the concept of Pareto efficiency and explains what a Pareto improvement is.
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Introduction to Money Neutrality
This article explains what money neutrality is and why assessing money neutrality is important for predicting economic outcomes.
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This article introduces the concept of menu costs and explains how they are relevant in economic analysis.
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