“Hope is the expectation of a good that is not certain” (Kant, Anthropologie in pragmatischer Hinsicht 7:255). Read with rational expectations in macroeconomics, agency needs beliefs coherent with structure and resilient horizons for coordination and growth.

In macroeconomics the representative agent is often seen as a technical convenience. Read through Husserl on intentionality, Zahavi on the minimal self, and Schutz on typifications, it becomes a fragile form of subjectivity that unsettles the boundaries of agency.

Fabio Canova presented a wonderful paper ‘Does the transmission of monetary policy shocks change when inflation is high?’ @kingsbschool.bsky.social.