ENGLISH

Macroeconomic Survey Expectations

By Michael P. Clements

Book information

Publisher
Springer International Publishing;Palgrave Macmillan
Year
2019
ISBN
978-3-319-97222-0, 978-3-319-97223-7
Language
english
Format
PDF
Filesize
2 MB (2547950 bytes)
Series
Palgrave Texts in Econometrics
Edition
1st ed.
Pages
XVI, 196\205
Time added
2019-03-20 04:02:07
Economics; Econometrics; Macroeconomics/Monetary E

Description

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. Front Matter ....Pages i-xvi Introduction (Michael P. Clements)....Pages 1-6 The Nature of Survey Expectations (Michael P. Clements)....Pages 7-23 Working with the Forecast Data (Michael P. Clements)....Pages 25-35 Assessing the Point Predictions (Michael P. Clements)....Pages 37-63 Assessing the Accuracy of the Probability Distributions (Michael P. Clements)....Pages 65-96 Consistency of the Point Forecasts and Probability Distributions (Michael P. Clements)....Pages 97-122 Macroeconomic Uncertainty: Surveys Versus Models? (Michael P. Clements)....Pages 123-143 Behavioural Models of Expectations Formation (Michael P. Clements)....Pages 145-172 Expectations Shocks and the Macroeconomy (Michael P. Clements)....Pages 173-186 Postscript (Michael P. Clements)....Pages 187-189 Back Matter ....Pages 191-196

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