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Author

Faruk Hadžić

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Review Open access Sep 2026

ORIGINS AND FRONTIERS OF BEHAVIORAL MACROECONOMICS – FROM (IR)RATIONALITY TO EXPECTATIONS

This paper examines the origins and current frontiers of behavioural macroeconomics, using expectation formation as a conceptual framework linking early psychological insights to modern formal models. The review traces developments from animal spirits, bounded rationality and adaptive expectations to heterogeneous heur...

Faruk Hadžić, Kasim Tatić · 0 citations

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