Clements Macroeconomic Survey Expectations

1. Auflage 2018
ISBN: 978-3-319-97223-7
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 205 Seiten, eBook

Reihe: Progress in Mathematics

Why should we be interested in macroeconomic survey expectations? This important book offers an in-depth treatment of this question from a point of view not covered in existing works on time-series econometrics and forecasting. Clements presents the nature of survey data, addresses some of the difficulties posed by the way in which survey expectations are elicited and considers the evaluation of point predictions and probability distributions. He outlines how, from a behavioural perspective, surveys offer insight into how economic agents form their expectations.

Zielgruppe

Research

Autoren/Hrsg.

Clements, Michael P.

Inhaltsverzeichnis

Chapter 1: Introduction.- Chapter 2: The Nature of Survey Expectations.- Chapter 3: Working with Forecast Data.- Chapter 4: Assessing the Point Predictions.- Chapter 5: Assessing the Accuracy of the Probability Distributions.- Chapter 6: Consistency of the Point Forecasts and Probability Distributions.- Chapter 7: Macroeconomic Uncertainty - Surveys versus Models?.- Chapter 8: Behavioural Models of Expectations Formation.- Chapter 9: Expectations Shocks and the Macroeconomy.

Über Autor(innen)

Michael Clements  is Professor of Econometrics at the ICMA Centre, Henley Business School, University of Reading, UK. He is Series Editor of Palgrave Texts in Econometrics and Palgrave Advanced Texts in Econometrics, and has published extensively on time series econometrics, modelling and forecasting.