Author: Ingvild SvendsenPublisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 60
Book Description
Empirical Tests of the Formation of Expectations
Author: Ingvild SvendsenPublisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 60
Book Description
Empirical Tests of the Rational Expectations Hypothesis
Author: G. PollioEmpirical Tests of the Rational Expectations Hypothesis
Author: Gerald PollioPublisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 0
Book Description
Rational expectations hypothesis in the long run
Author: Taeck-Soo ChunPublisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 168
Book Description
A Rational Expectations Approach to Macroeconometrics
Author: Frederic S. MishkinPublisher: University of Chicago Press
ISBN: 0226531929
Category : Business & Economics
Languages : en
Pages : 184
Book Description
A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.
Consumer Expectations
Author: Richard Thomas CurtinPublisher: Cambridge University Press
ISBN: 1107004691
Category : Business & Economics
Languages : en
Pages : 365
Book Description
Proposes a new comprehensive theory about how expectations are formed and how they shape the macro economy.
Alternative Models of Expectations Formation
Author: Ron PepperPublisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 378
Book Description
Linear Combinations of Rational Expectations
Author: Jonathan BakerInflation Expectations
Author: Peter J. N. SinclairPublisher: Routledge
ISBN: 1135179778
Category : Business & Economics
Languages : en
Pages : 402
Book Description
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Information Rigidity and the Expectations Formation Process
Author: Mr.Olivier CoibionPublisher: International Monetary Fund
ISBN: 1475519249
Category : Business & Economics
Languages : en
Pages : 55
Book Description
We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the arise from information rigidities. This approach quantifies the economic significance of departures from the and the underlying degree of information rigidity. Applying this approach to U.S. and international data of professional forecasters and other agents yields pervasive evidence consistent with the presence of information rigidities. These results therefore provide a set of stylized facts which can be used to calibrate imperfect information models. Finally, we document evidence of state-dependence in the expectations formation process.