Adaptive Expectations

Concept

The idea that people expect future inflation to be similar to past inflation, used as a baseline in traditional economic theory.

Mentioned in 1 video

Videos Mentioning Adaptive Expectations

Chapter 2: Fiscal Policy and Inflation with John Cochrane | LFHSPBC

Chapter 2: Fiscal Policy and Inflation with John Cochrane | LFHSPBC

PolicyEd

The idea that people expect future inflation to be similar to past inflation, used as a baseline in traditional economic theory.