Does rationality matter to the central bank?
Rationality is one of the main assumptions in economics, and is represented as the rational expectation in macroeconomics. As such, it is important to note that the effectiveness of economic policy depends on the degree of economic agents’ rationality. According to this point of view, it is only nat...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2020-12-01
|
| Series: | Ekonomska Istraživanja |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/1331677X.2020.1869577 |