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A Critical History of “Public Rational Inflation Expectations”: Rethinking its Foundations
  • Yair Barak
Yair Barak
Cohn Institute for the Hiatory and Philosophy of Sience and Ideas, Tel Aviv University

Corresponding Author:[email protected]

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The 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.