A Critical History of “Public Rational Inflation Expectations”:
Rethinking its Foundations
AbstractThe core claim of the paper is that public rational expextations of
inflation is a more mystic than science. The main evidence is That
article, which has been written by Nobel laureate, Thomas Sargent and
prof. Joseph Zeira, was based on fake facts, which showed that the
rational expectations theory is refutable as confronted with economic
reality and facts.