Expectations : some econometric aspects
To express an economic model Including expectations in a manageable form econometricians frequently replace expectationa with a functional form resulting from an hypotheala as to their formation. The most popular expectationa hypothesea are overviewed in Chapter 2. Survey data, if available and suitable, are an alternative to expectations hypothesea to represent expectations. How to ascertain the suitability of a survey aeries, and expectations hypothesis, Is discussed throughout the...[Show more]
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