market-based measures of expectations are similar to survey-based forecasts although the market-based measures somewhat more … range of specific outcomes, allowing us to measure uncertainty, assess its driving forces, and compare this measure of … uncertainty with the dispersion of point-estimates among individual forecasters (a measure of disagreement). We also assess the …

This paper shows that the Ricardian Equivalence proposition can continue to hold when expectations are not rational and … are instead formed using adaptive learning rules. In temporary equilibrium, with given expectations, Ricardian Equivalence … holds under the standard conditions for its validity under rational expectations. Furthermore, Ricardian Equivalence holds …

Realignment expectations which measure exchange rate credibility are analysed for European exchange rates using daily … expectations and macroeconomic variables, although there are signs that lower inflation improves credibility. Statistically, many … movements to realignment expectations are common to ERM participants. There were few indications of poor ERM credibility before …

their relative role in forming exchange rate expectations. We find that there are distinct periods of high and low …

and monetary policies proposed by Leeper (1991), for stability under learning of the rational expectations equilibria (REE …

Svensson(1994). We interpret the instantaneous forward rate as the expectations for the overnight rate prevailing at each point … derive a measure of expectations for Central Banks interventions. On this basis we can assess the predictability of monetary …

negatively correlated with expected changes in exchange rates and vary more than expectations about future exchange rate … current exchange rates have little or no informational content about the market's expectations of future exchange rate …

concerning agents' expectations, subject only to the restriction that forecasting errors are stationary. It is also demonstrated …