Many countries have experienced major economic changes since the mid-1980s as a result of the deregulation and liberalization of national financial systems -- two key aspects of globalization -- with some experiencing boom and bust in rapid succession. The small Northern European country of Finland [...]
Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. This title explains a variety of expectation formation models by focusing on the learning factor. It develops analytical techniques and uses them t[...]