Spelling suggestions: "subject:"multionational expectations (aneconomic theory)"" "subject:"multionational expectations (ineconomic theory)""
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Essays on model uncertainty in macroeconomicsZhao, Mingjun, January 2006 (has links)
Thesis (Ph. D.)--Ohio State University, 2006. / Title from first page of PDF file. Includes bibliographical references (p. 72-76).
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How Are Inflation Expectations Formed by Consumers, Economists and the Financial Market?Khubchandani, Shaun 01 January 2010 (has links)
Inflation expectations have been of great interest to economists because they predict how agents in an economy set prices and react to changes in various macroeconomic variables. The existence of Keynesian liquidity traps in Japan and the United States have helped emphasize the importance of inflation expectations, especially when monetary policy is rendered ineffective and there is almost perfect substitutability between money and bonds due to the zero bound condition of interest rates. Given the canonical theories of rational and adaptive expectations, this paper will use a simple model of the economy to measure the effect of various macroeconomic variables on the formation of inflation expectations. It will test to see how consumers, economists and the market measure and forecast inflation both in the short and in the long run.
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Do Predictions of Professional Business Economists Conform to the Rational Expectations Hypothesis?: Tests on a Set of Survey DataDabbs, Russell Edward 08 1900 (has links)
A set of forecast survey data is analyzed in this paper for properties consistent with the Rational Expectations Hypothesis. Standard statistical tests for "rational expectations" are employed utilizing consensus forecasts generated by an interest rate newsletter. Four selected variables (Fed Funds rate, M1 rate of growth, rate of change in CPI, and real GNP growth rate) are analyzed over multiple time horizons. Results tend to reject "rational expectations" for most variables and time horizons. Forecasts are more likely to meet "rationality" criteria the shorter the forecast horizon, with the notable exception of forecasts of real GNP growth.
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