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Contents: Expectation formation process - Foreign exchange market - Money market - Heterogeneity in financial markets - Rationality, unbiasedness and consistency of forecasts - Central bank credibility - Inflation targeting - Ex-ante Taylor rule.
The Author: Jan-Christoph Rulke was born in Dusseldorf (Germany). He studied economics at the universities of Frankfurt on the Main and Giessen. He was research assistant and doctoral student at the WHU-Otto Beisheim School of Management in Vallendar (Germany) from 2005 to 2008. In 2007 and 2008 he worked with the European Central Bank and visited the London School of Economics. Currently, he is working as Assistant Professor at the WHU-Otto Beisheim School of Management.