Abstract
Expectations matter. Many economic and financial decisions depend on the perception of future incomes and prices. The evolution of expectations, and how correct they are over time, determines the stability of the system.
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© 2016 Martin Guzman and Peter Howitt
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Guzman, M., Howitt, P. (2016). Learning, Expectations, and the Financial Instability Hypothesis. In: Stiglitz, J.E., Guzman, M. (eds) Contemporary Issues in Macroeconomics. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137529589_7
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DOI: https://doi.org/10.1057/9781137529589_7
Publisher Name: Palgrave Macmillan, London
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