Macroeconomic Policy, Evolution, and Self-Confirming Equilibrium
EUI MWP LS, 2008/08
SARGENT, Thomas J., Macroeconomic Policy, Evolution, and Self-Confirming Equilibrium, EUI MWP LS, 2008/08 - https://hdl.handle.net/1814/9028
Retrieved from Cadmus, EUI Research Repository
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 their connection to selfconfirming equilibria.
Cadmus permanent link: https://hdl.handle.net/1814/9028
Series/Number: EUI MWP LS; 2008/08