So this spring Ms. Nelson, 39, once skeptical about unions, helped lead an effort to unionize the teachers at the school, KIPP AMP, thinking that a contract would provide a clearer idea of expectations and consequences.
Get a clear idea of expectations so that no one is confused.
To provide a clearer idea of their expectations, they are publishing a new handbook for auditors.
Traditionally, economists depend on the idea of rational expectations, where homogeneous agents agree on the same forecasting model and know that others know that others know that, etc.
In recent decades, the idea of rational expectations made most participants believers in the magic of the market: The price is always right.
It can become a vicious circle: publishers lament that literary fiction has trouble finding a foothold — then flood the market with overhyped and often derivative work in the hope of meeting some vague idea of reader expectations.
I ask whether she comes from a triple-package background and she says: "One hundred per cent". How would she define this? "This idea of high expectations," she says.
"Everyone has a clear idea of the expectations of this deal".
Both Sims and Sargent built on this idea of "rational expectations" to develop methods that help identify causal links between policy changes and economic events on the one hand, and macroeconomic indicators such as gross domestic product, inflation, and unemployment on the other.
