An International Network on Expectational Coordination

The view of the future held by participating agents is a key determinant of economic activity. Correspondingly, the understanding of expectational coordination is a central question of economic theory. The Rational Expectations Hypothesis, which assumes that economic agents have an unbiased, statistically correct, view of the future, has come to dominate economic modelling and economic thinking from the 1970. However, the Hypothesis, and some of the most influential models that it underlies, have been deeply questioned by the recent economic crisis.

Most of the scholars who have agreed to join this international network have in the past pursued research aimed at a critical assessment of the standard modelling of expectational coordination. Indeed, the network aims at confronting and hopefully federating the most promising existing lines of present research on the subject. It adresses in depth the questions of the nature of economic uncertainty, with the aim of revisiting from a new perspective many of the questions that have been raised by the recent crisis both in finance and macroeconomics.

The international network is organized around nodes, led by a node leader. The project’s headquarter is in Paris, at the Paris School of Economics and at the College de France. The present nodes are all over the world, in North America, (Columbia, New York University, Oregon, Princeton, Stanford), South America (Santiago de Chile), Asia (Beijing, Tokyo), the Middle East, (Jerusalem), Europe (Amsterdam, Barcelona, Paris, Zurich).

More information on the network is coming soon.