AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Rational Expectations and the Terminology of Interest Rates
You went to MIT for graduate school. Do you remember what the prevailing atmosphere was like? What were some of the big debates or emerging ideas in economics back then? For me, I think it was rational expectations. The idea of researching the world as if everybody were completely rational. That was an emerging theme at that time.