The role of expectations is not limited to monetary policy but is crucial in many areas of economics, as Bob showed in his later research on investment, unemployment, taxation, public debt management, and asset pricing. In all of these situations, the appropriate evaluation of policy takes account of the way that expectations would be rationally formed.
Robert BarroRelated topics
account debt economics evaluation later limited pricing public research taxation wayRelated quotes
And in my own life, in my own small way, I've tried to give back to this country that has given me so much. That's why I left a job at a law firm for a career in public service, working to empower young people to volunteer in their communities. Because I believe that each of us - no matter what our age or background or walk of life - each of us has something to contribute to the life of this nation.
Michelle Obama
There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road.
Lars Peter Hansen
Scientists are used to debating with one another about the finer points of new research. But increasingly, they find themselves battling their televisions and computer screens, which transmit ever-more-heated rhetoric from politicians, pundits, and other public figures who misinterpret, misrepresent, and malign scientific results.
Lewis M. Branscomb
We have to prepare for what life could become in 40 years. We need to outline what is possible and what is impossible with the non-renewable resources of the Earth. What role will technological improvement play? Taking all this into account, what kind of life can we produce in the best way for 10 billion people? That's a problem that needs to be solved.
Jacques-Yves Cousteau
And I want women to be modest in their appearance. They should wear decent and appropriate clothing and not draw attention to themselves by the way they fix their hair or by wearing gold or pearls or expensive clothes. For women who claim to be devoted to God should make themselves attractive by the good things they do.
Paul
