Roger Guesnerie - The Next Economic Frontier and the Wild World of Non-Rational Expectations

The video features a discussion with Professor Roger Gennery at the INET conference in Berlin. Roger's project focuses on creating a network to critically assess the rational expectations hypothesis in economics. The conversation covers the issue of balkanization in the field, the project's strategy to integrate theorists and practitioners, and Roger's educational background. The discussion also delves into the challenges and opportunities of exploring non-rational expectations in economics.

What is the main focus of Professor Roger Gennery's project discussed at the INET conference?

• Rational expectations hypothesis

• Expectational coordination

• Economic forecasting

• Mathematical modeling

What issue does Professor Gennery highlight regarding communication within mathematical economics?

• Lack of funding

• Insufficient data

• Balkanization between subfields

• Over-reliance on technology

What is the proposed strategy to improve economic discussions according to Professor Gennery?

• Developing new mathematical models

• Focusing solely on theoretical research

• Integrating theorists, empirical researchers, historians, and policymakers

• Increasing funding for economic research

What educational background does Professor Gennery have?

• He studied engineering and then switched to economics

• He was a historian before becoming an economist

• He was an economist who later studied mathematics

• He has a background in political science

Why is exploring non-rational expectations considered risky according to Professor Gennery?

• It contradicts established economic theories

• It is not supported by empirical data

• It requires advanced mathematical skills

• It is a new and less predictable territory

What does Professor Gennery mean by the 'dark continent' in economic research?

• Unexplored areas of economic history

• Non-rational expectations coordination

• Advanced mathematical theories

• Global economic crises

What is a potential benefit of the network proposed by Professor Gennery?

• Development of new economic models

• Higher funding for economic research

• Improved communication across different economic disciplines

• Increased specialization within subfields