This paper focuses on survey expectations and discusses their uses for testing and
modelling of expectations. Alternative models of expectations formation are reviewed and …

Drawing on relevant literature from a diverse range of academic disciplines we present a
conceptual framework intended to further our understanding of perceptions and …

内容提要: 本文提出了包含需求拉动, 成本推动, 通胀预期和通胀惯性四种因素的新凯恩斯菲利普
斯曲线模型, 该模型推广了Gordon (1996) 的三角模型和Galíand Gertler (1999) …

We analyze time series of investor expectations of future stock market returns from six data
sources between 1963 and 2011. The six measures of expectations are highly positively …

A brand choice model that incorporates both reference and observed prices is proposed for
frequently purchased products. The model is composed of a probability-of-purchase …

This article develops a distribution-free procedure for testing the accuracy of forecasts when
the focus of the analysis is on the correct prediction of the direction of change in the variable …

Inflation is a process of continuously rising prices, or equivalently, of a continuously falling
value of money. Its importance stems from the pervasive role played by money in a modern …

THE MONEY MARKET IS A CRITICAL COMPONENT of virtually all theories that explain the
evolution of aggregate economic activity. More particularly, an accurate understanding and …

This note demonstrates that the conventional test for unbiasedness of forecasts or
expectations of estimating Y=" alpha"" 1"+" beta"" 1" F+ u where Y is the outcome and F is …

At the outbreak of the recent inflation surge, the public's attention to inflation was low but
increased rapidly once inflation started to rise. In this paper, I develop a general equilibrium …