Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations formation and updating, as well as open questions and directions for future research. The book spans a broad range of fields, approaches and applications using data on subjective expectations that allows us to make progress on fundamental questions around the formation and updating of expectations by economic agents and their information sets. The information included will help us study heterogeneity and potential biases in expectations and analyze impacts on behavior and decision-making under uncertainty.
- Combines information about the creation of economic expectations and their theories, applications and likely futures
- Provides a comprehensive summary of economics expectations literature
- Explores empirical and theoretical dimensions of expectations and their relevance to a wide array of subfields in economics
Sprache
Verlagsort
Verlagsgruppe
Elsevier Science & Techn.
Dateigröße
ISBN-13
978-0-12-823476-1 (9780128234761)
Schweitzer Klassifikation
I. Expectations Elicitation 1. Household surveys and probabilistic questions 2. Firm surveys 3. Surveys of professionals 4. Expectations in lab experiments 5. Field experiments in surveys 6. Market data II. Expectations as Data 7. Inflation expectations 8. Housing market expectations 9. Expectations in education 10. Expectations in development 11. Expectations of older households (retirement, demographics) 12. Expectations of financial market participants 13. Expectations of firms about macroeconomic variables 14. Expectations of firms about their own variables III. Expectations Data and Theory 15. Expectations data, term structure and monetary policy 16. Expectations data and DSGE models 17. Expectations data in structural micro models 18. Expectations data and asset pricing 19. Expectations data, labor market and job searchIV. Theory of Expectations20. Sentiment and confidence in macro models21. Expectations in incomplete market models22. Heterogeneous beliefs23. Ambiguity and Uncertainty24. LearningV. Open Issues26. The Epidemiology of Expectations and the Media27. Neuroeconomics and Expectations28. Health Expectations
