Showing 11 - 20 of 21
Persistent link: https://www.econbiz.de/10002911210
Persistent link: https://www.econbiz.de/10001865456
Persistent link: https://www.econbiz.de/10001865509
Persistent link: https://www.econbiz.de/10001367725
We evaluate the usefulness of the Hodrick-Prescott (HP) filter as a proxy for rational expectations, using long runs of annual US inflation data. Our conclusion is that while the HP series are not fully rational in the sense of Muth (1961), they do generally meet the criterion of `weak...
Persistent link: https://www.econbiz.de/10005382408
Persistent link: https://www.econbiz.de/10005339436
Persistent link: https://www.econbiz.de/10005358049
Persistent link: https://www.econbiz.de/10005270042
Persistent link: https://www.econbiz.de/10005428928