Author: David D. SteinerPublisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
The Power of Direct Tests of the Rational Expectations Hypothesis when the Alternative is Learning
Author: David D. SteinerDirect Measures of Expectations in Testing the Rational Expectations Hypothesis
Author: Emanuel ManolikakisPublisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 278
Book Description
Alternative Tests of the Rational Expectations Hypothesis in Economic Dynamical Models
Author: Roger GuesnerieDirect Test of the Rational Expectation Hypothesis
Author: Christian GouriérouxConsumer 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.
Inflation 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.
Dissertation Abstracts International
Author: Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 522
Book Description
Robustness
Author: Lars Peter HansenPublisher: Princeton University Press
ISBN: 0691170975
Category : Business & Economics
Languages : en
Pages : 453
Book Description
The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.
List of Recent Periodical Articles
Author: Joint Bank-Fund LibraryPublisher:
ISBN:
Category : Economics
Languages : en
Pages : 838
Book Description
Can We Make OSHA and Workers' Compensation Insurance Interact More Effectively in Promoting Workplace Safety?
Author: Thomas J. KniesnerPublisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 168
Book Description