A pilot effort was undertaken to experiment with a method of collecting parallel time series data for expectations and … through time in the responses and dramatic differences across countries in expectations (even expectations for the same …

effects. In a controlled laboratory experiment we show that exogenous variation of second-order expectations (promisors …' expectations about promisees' expectations that the promise will be kept) leads to a significant change in promisor behavior. We …

models is tested in this paper. Economic agents are assumed to use a vector of variables Z_{t} in forming their expectations … for periods t+1 and beyond. These expectations may or may not be rational in the Muth sense. The results provide some …

expectations of the aggregate price level and one in which expectations are rational. Under the first hypothesis the lag length is … parameters. The results strongly support the hypothesis that aggregate price expectations affect individual pricing decisions …

Fiat money(1) is a creation of both the state and society. Its value is supported by expectations which are conditioned … expectations and bound behavior.(2) Paper money emerges as a virtual commodity. The dynamics of the economy permits it to serve as … circulation expectations will degenerate and the economy will break down. In order to appreciate the intrinsic dynamics of a high …