The Banco Central de Costa Rica (BCCR) is currently transitioning to an InflationTargeting (IT) regime. In such context, it is relevant for the monetary authority tocharacterize in the most complete way possible the inflation expectations of thepopulation, both in the particular elements of the...

Purpose – Expectations of future market conditions are acknowledged to be crucial for the development decision and hence for shaping the built environment. The purpose of this paper is to study the central London office market from 1987 to 2009 and test for evidence of rational, adaptive and...