To put it bluntly rational expectations theory Keynesian theory of liquidity base.

理性预期理论说穿了凯恩斯流动性理论的底子。

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The rational expectations theory holds that the only effective policies are those unexpected.

理性预期理论认为只有未预期到的政策才是有效的。

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The authors analyze the rational expectations theory relative thoroughly, and designate the rationality of this theory.

作者对理性预期理论进行了较全面的分析，指出这一假说理论上的合理性。

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Rational expectations theory therefore implies that repeated counter-cyclical policies will be anticipated and are unlikely to affect real GDP or unemployment.

FORBES: Thomas Sargent, Rational Expectations And The Keynesian Consensus

Whereas Robert Lucas (Nobel Prize 1995) provided the theoretical foundations of rational expectations theory, Thomas Sargent tested rational expectations against real-world data.

FORBES: Thomas Sargent, Rational Expectations And The Keynesian Consensus

Rational expectations theory came up with an explanation of stagflation.

FORBES: Thomas Sargent, Rational Expectations And The Keynesian Consensus