SCIENTIFIC SUPPORT OF INSTITUTIONAL REFORMS
BORZENKO Olena 1
1SO “Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine”
OrcID ID : https://orcid.org/0000-0002-1017-5942
Hypothesis of rational expectations in the international economy: developments in different countries
The article reveals the development of the hypothesis of rational expectations according to the theory of rational expectations (TRO), where economic entities in their forecasts make optimal use of all available information, including the assessment of government policy, to form an opinion on future developments. It turns out that expectations in the economy are very important. Rational expectations are those that can be systematically erroneous. They do not necessarily have to be performed exactly, but this is only because economic processes are subject to random fluctuations that do not depend on the actions of the state, or because the actions of the state in economic policy are unpredictable for economic agents.
Keywords:hypothesis, rational expectations, international economy, economic agents
JEL: C12, F50
Borzenko O. . Hypothesis of rational expectations in the international economy: developments in different countries / O. Borzenko // Фінанси України. - 2021. - № 10. - C. 9-12.
| Article original in Ukrainian (pp. 9 - 12) | Download | Downloads :109 |
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