Marc Ivaldi

A Structural Analysis of Expectation Formation (eBook, PDF)

Based on Business Surveys of French Manufacturing Industry

• Format: PDF

Produktbeschreibung

This book proposes a structural analysis to study the formation of production plans and the rationality of expectations. An original procedure is developed to estimate the economic model on survey data using the theory of polychoric correlation coefficient and distribution-free estimator.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 230
• Erscheinungstermin: 6. Dezember 2012
• Englisch
• ISBN-13: 9783642467356
• Artikelnr.: 53086808

Inhaltsangabe

One Forecasting Production Behavior in the Short-Run.- 1: The Production Smoothing Model.- 2: The Econometric Specification Using Survey Data.- 3: The General Latent Variable Model with Discrete Data.- 4: The Empirical Analysis and Forecasting.- Two Survey Evidence on the Rationality of Expectations.- 5: On Testing the RE Hypothesis: A Survey.- 6: Surprise Variables and Expectational Errors.- 7: Direct Tests of the Rational Expectation Hypothesis.- Conclusion.- References.