Showing 1 - 10 of 17,111
Persistent link: https://www.econbiz.de/10003890001
complexity of memory measured using Shannon's mutual information, as in models of rational inattention; but our theory differs …
Persistent link: https://www.econbiz.de/10012316965
Persistent link: https://www.econbiz.de/10012262961
Persistent link: https://www.econbiz.de/10012373018
Persistent link: https://www.econbiz.de/10014292844
Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and discuss theoretical explanations for heterogeneous...
Persistent link: https://www.econbiz.de/10014472058
Macroeconomic expectations of various economic agents are characterized by substantial crosssectional heterogeneity. This chapter focuses on heterogeneity in the expectations among professional forecasters, first presenting stylized facts and discussing theoretical explanations for heterogeneous...
Persistent link: https://www.econbiz.de/10015084332
Persistent link: https://www.econbiz.de/10015374211
We provide a tractable characterization of the sharp identification region of the parameters ø in a broad class of incomplete econometric models. Models in this class have set valued predictions that yield a convex set of conditional or unconditional moments for the observable model variables....
Persistent link: https://www.econbiz.de/10008660616
Persistent link: https://www.econbiz.de/10001407711