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Browsing MWP Lecture Series by Subject "adaptation"
Now showing items 1-1 of 1
Title:Macroeconomic Policy, Evolution, and Self-Confirming Equilibrium
Author(s):SARGENT, Thomas J.Date:2008Type of Publication:OtherSeries/Report no.:EUI MWP LSAbstract:This paper uses policy disputes about centuries of experience with commodity money
systems and US monetary policy in the 1970s and 1980s to illustrate macroeconomists'
enduring struggles with Hume's induction problem and ...