Las expectativas racionales y el fin de la macroeconomía

Translated title of the contribution: Rational expectations and the end of macroeconomics

Neil Wallace

Research output: Contribution to journalArticle in a journalpeer-review


The author discusses the impact of expectations on the "style of theorizing about macroeconomics". He states that one might almost say that the style associated with Keynes and his General Theory had ended. Static models based on relationships between aggregates and prices would be replaced by models capable of taking into account -thanks to reasonable expectations- the temporary applicability of economic decisions and the need to design micro-economic balances across the board. The author concludes by suggesting a number of guidelines for designing better curriculums for university economics study.
Translated title of the contributionRational expectations and the end of macroeconomics
Original languageSpanish
Pages (from-to)3-9
Issue number38
StatePublished - Jan 1996


  • Macroeconomía
  • Teoría económica


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