This economist developed the MPS model of the American economy for the Federal Reserve.
Along with Emile Grunberg, this economist asserted that predictions lead people to act in a way that causes predicted outcomes to resemble actual outcomes in "The Predictability of Social Events," one of the earliest works of rational expectations. This economist developed the MPS model of the American economy for the Federal Reserve. He devised a measure that adjusts the risk of a stock to match a performance benchmark along with his granddaughter Leah, a measure known as M-squared. Along with Richard Brumberg, this economist theorized that people decide how much they want to spend at each age, and predicted that people save during their youth to spend money during retirement. The developer of the life cycle hypothesis, for 10 points, identify this economist, the namesake of a theorem about conditions in which a firm's financial decisions do not affect its value along with Merton Miller.
Along with Emile Grunberg, this economist asserted that predictions lead people to act in a way that causes predicted outcomes to resemble actual outcomes in "The Predictability of Social Events," one of the earliest works of rational expectations.
Franco Modigliani