Expectations, uncertainty and institutions. An application to.pptVIP

* Jesus Ferreiro Felipe Serrano Department of Applied Economics V University of the Basque Country Conference Economic Policies of the New Thinking in Economics St Catharine’s College, Cambridge, United Kingdom Thursday 14 April 2011 * * All economic approaches link the analysis of institutions to the existence of information problems: institutions are a source of information for individuals, and, consequently, an instrument that help them to make decisions. Institutions have a microeconomic nature: they are instruments that help individuals to make decisions in an environment characteri