Expectations

Rational Expectations - Definition and Meaning
Rational expectations are model-consistent expectations where behaviors align with the underlying economic model.
Exogenous Expectations
Expectations that are formed outside the economic system and are not based on its parameters.
Expectations - Definition and Meaning
An exploration of the role of expectations in economics, including various types and their impact on economic decision-making
Extrapolative Expectations
Expectations about future economic variables based on past values and trends.
Forward-Looking Behaviour
Engagement of economic agents in planning and expectations based on future projections and policy changes.