Showing 1 - 10 of 18
This paper examines the expectations behavior of individual responses in the surveys of the Survey of Professional Forecasters and the University of Michigan's Survey Research Center. The paper finds that respondents consistently revise their forecasts of inflation, unemployment, and other key...
Persistent link: https://www.econbiz.de/10011279773
This paper examines the implications of changing the expectations assumption that is embedded in nearly all current macroeconomic models. The paper substitutes measured or "real" expectations for rational expectations in an array of standard macroeconomic relationships, as well as in a DSGE...
Persistent link: https://www.econbiz.de/10009681234
Persistent link: https://www.econbiz.de/10009634228
This paper examines the expectations behavior of individual responses in the Survey of Professional Forecasters, the University of Michigan's Survey Research Center survey of consumers, and the ECB Survey of Professional Forecasters. It finds that the most robust feature of all of these...
Persistent link: https://www.econbiz.de/10011938845
Persistent link: https://www.econbiz.de/10011799124
Persistent link: https://www.econbiz.de/10003745435
A growing body of literature examines alternatives to the rational expectations hypothesis in applied macroeconomics. This paper continues this strand of research by examining the role survey expectations play in the inflation process and reports three principal findings. One, short-run...
Persistent link: https://www.econbiz.de/10009374709
Persistent link: https://www.econbiz.de/10001242077
Persistent link: https://www.econbiz.de/10001124468
Persistent link: https://www.econbiz.de/10001019169