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Endogenous Economic Fluctuations

- Studies in the Theory of Rational Beliefs

indgår i Studies in Economic Theory serien

Endogenous Economic Fluctuations
Bag om Endogenous Economic Fluctuations

Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783540626121
  • Indbinding:
  • Hardback
  • Sideantal:
  • 356
  • Udgivet:
  • 21. august 1997
  • Udgave:
  • 1997
  • Størrelse:
  • 156x234x22 mm.
  • Vægt:
  • 1570 g.
  • 8-11 hverdage.
  • 28. november 2024

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Beskrivelse af Endogenous Economic Fluctuations

Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants.

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