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market-based measures of expectations are similar to survey-based forecasts although the market-based measures somewhat more …
Persistent link: https://www.econbiz.de/10005656457
We provide, for the first time, comparative evidence of the impact of various types of extreme events – natural disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues – such as fear of failure in starting a business...
Persistent link: https://www.econbiz.de/10008692319
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 …
Persistent link: https://www.econbiz.de/10008468547
expectations about the age at which one will leave the labor market appears to be easier for workers in jobs with well defined …
Persistent link: https://www.econbiz.de/10004971379
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 …
Persistent link: https://www.econbiz.de/10005123774
their relative role in forming exchange rate expectations. We find that there are distinct periods of high and low …
Persistent link: https://www.econbiz.de/10005136619
and monetary policies proposed by Leeper (1991), for stability under learning of the rational expectations equilibria (REE …
Persistent link: https://www.econbiz.de/10005136683
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 …
Persistent link: https://www.econbiz.de/10005136777
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 …
Persistent link: https://www.econbiz.de/10005067353
concerning agents' expectations, subject only to the restriction that forecasting errors are stationary. It is also demonstrated …
Persistent link: https://www.econbiz.de/10005067417