أعرض تسجيلة المادة بشكل مبسط

dc.creator Pesaran, Mohammad Hashem
dc.creator Weale, Martin R.
dc.date 2005
dc.date.accessioned 2013-10-16T07:02:40Z
dc.date.available 2013-10-16T07:02:40Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19063
dc.identifier ppn:503765929
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19063
dc.description This paper focuses on survey expectations and discusses their uses for testing and modeling of expectations. Alternative models of expectations formation are reviewed and the importance of allowing for heterogeneity of expectations is emphasized. A weak form of the rational expectations hypothesis which focuses on average expectations rather than individual expectations is advanced. Other models of expectations formation, such as the adaptive expectations hypothesis, are briefly discussed. Testable implications of rational and extrapolative models of expectations are reviewed and the importance of the loss function for the interpretation of the test results is discussed. The paper then provides an account of the various surveys of expectations, reviews alternative methods of quantifying the qualitative surveys, and discusses the use of aggregate and individual survey responses in the analysis of expectations and for forecasting.
dc.language eng
dc.relation CESifo working papers 1599
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C53
dc.subject C50
dc.subject C40
dc.subject C80
dc.subject ddc:330
dc.subject models of expectations formation
dc.subject survey data
dc.subject heterogeneity
dc.subject tests of rational expectations
dc.subject Rationale Erwartung
dc.subject Erwartungstheorie
dc.title Survey expectations
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط