Showing 1 - 10 of 1,669
This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS … spread. For decades, the academic literature has focused on three measures of inflation expectations: the Livingston Survey …
Persistent link: https://www.econbiz.de/10009647210
I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused … collection of 37 different measures of inflation expectations, including many previously unexploited monthly and real …
Persistent link: https://www.econbiz.de/10009650037
learn, form their expectations, and make decisions regarding savings and production for future periods. There are no … are unexpected by agents, or if future price expectations are not adjusted exactly proportionally to the announced …, as that would require it knowing precisely the actual law of motion of the economy, current market’s expectations, and …
Persistent link: https://www.econbiz.de/10011259238
The paper compares different procedures to convert in ordinary quantitative indicators the results of qualitative tendency surveys. The main result is that different procedures tend to produce quantitative indicators with a very similar dynamics. A new quantification method based on the...
Persistent link: https://www.econbiz.de/10009418490
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …
Persistent link: https://www.econbiz.de/10009647230
frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to … that there are benefits to using higher frequency measures of inflation expectations. Out of sample forecasts confirm the …
Persistent link: https://www.econbiz.de/10009647457
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …
Persistent link: https://www.econbiz.de/10009647399
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10011259382
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10011260058
procrastination based on expectations and prospect theory, which differs signficantly from the prevalent model of O’Donoghue and Rabin …
Persistent link: https://www.econbiz.de/10009226805