Imperfect Knowledge

    Imperfect Knowledge Economics develops macroeconomic models that are open to unforeseeable structural change and avoid the presumption that market participants are irrational. This program is also developing econometric methodology that is suitable for testing time-series implications of IKE models.

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    The Qualitative Expectations Hypothesis

    Model Ambiguity, Consistent Representations of Market Forecasts, and Sentiment  Read more