Skip to main content

Adaptive Expectations

  • 127 Accesses

Abstract

The adaptive expectations hypothesis may be stated most succinctly in the form of the equation:

JEL Classifications

  • E17

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1057/978-1-349-95189-5_593
  • Chapter length: 3 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   7,499.99
Price excludes VAT (USA)
  • ISBN: 978-1-349-95189-5
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book
USD   8,499.99
Price excludes VAT (USA)

Bibliography

  • Cagan, P. 1956. The monetary dynamics of hyper-inflation. In Studies in the quantity theory of money, ed. Milton Friedman. Chicago: University of Chicago Press.

    Google Scholar 

  • Fisher, I. 1911. The purchasing power of money. New York: Macmillan. (latest edition, A.M. Kelley, New York, 1963).

    Google Scholar 

  • Friedman, M. 1957. A theory of the consumption function. Princeton: Princeton University Press.

    Google Scholar 

  • Friedman, M. 1968. The role of monetary policy. American Economic Review 58 (March): 1–17.

    Google Scholar 

  • Koyck, L.M. 1954. Distributed lags and investment analysis. Amsterdam: North-Holland.

    Google Scholar 

  • Laidler, D., and M. Parkin. 1975. Inflation: A survey. Economic Journal 85 (December): 741–809.

    CrossRef  Google Scholar 

  • Lucas, R.E. Jr. 1972. Econometric testing of the natural rate hypothesis. In The econometrics of price determination, ed. Otto Eckstein. Washington, DC: Board of Governors of the Federal Reserve System.

    Google Scholar 

  • Mincer, J. 1969. Economic forecasts and expectations. New York: National Bureau of Economic Research.

    Google Scholar 

  • Muth, J.F. 1960. Optimal properties of exponentially weighted forecasts. Journal of the American Statistical Association 55: 299–306.

    CrossRef  Google Scholar 

  • Nerlove, M. 1958. The dynamics of supply: Estimation of farmers’ response to price. Baltimore: Johns Hopkins Press.

    Google Scholar 

  • Phelps, E.S. 1970. Microeconomic foundations of employment and inflation theory. New York: Norton.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Copyright information

© 2018 Macmillan Publishers Ltd.

About this entry

Verify currency and authenticity via CrossMark

Cite this entry

Parkin, M. (2018). Adaptive Expectations. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_593

Download citation