Sargent is one of a number of economists who introduced rational expectations into macroeconomic models.
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Q17: Credibility of the monetary policymaker is important
Q18: If expectations are rational, the credibility of
Q19: New Keynesian economists believe that EMP cannot
Q20: New classical economists tend to favor non-activist
Q21: The new Keynesian model assumes price and
Q23: If an increase in the money supply
Q24: Reputation plays a role in the credibility
Q25: Lucas stressed the importance of fiscal policy
Q26: Wages and prices adjustments are slow.
Q27: In Bolivia, the creation of an independent
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