Rational-Expectations-with-Misperceptions As a Theory of the Business Cycle
评价了带有误解的理性预期理论，认为它逻辑严谨、理论令人满意，但未能从操作层面识别周期过程的具体性质，也无法解释实际周期的持续时间和关键特征。
In my judgment, the theory of rational-expectations-with-misperceptions provides an explanation of the business cycle that: represents a constructive effort to deal with questions that sorely needed to be asked, is logically impeccable and theoretically satisfying in its response to those questions, does not identify in operational terms the specific nature of the cyclical process, and fails to account for the duration and many key features of the actual cycle.