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Author Rötheli, Tobias F., author

Title The behavioral economics of inflation expectations : macroeconomics meets psychology / Tobias F. Rötheli
Published Cambridge ; New York, NY : Cambridge University Press, 2020


Description 1 online resource (xix, 226 pages)
Contents Patterns and expectations -- Extrapolation and expectations -- Eliciting expectations under laboratory conditions -- Features of the laboratory data -- Similarity matching and scaling the experimental data -- Pattern extrapolation and expectations measured by consumer surveys -- Heterogeneity and uncertainty of inflation expectations -- Inflation dynamics -- Explaining the course of interest rates -- Generalizing the pattern-based approach -- A detour to income expectations -- The Fisher effect in historical times -- Expectations of high inflation -- The Fisher effect in Asian economies -- The Fisher effect in African economies -- Estimates of expected inflation for major economies -- Estimates of expected real interest rates for major economies
Summary "The notion that expectations play a key role in economic decision making is a very old one. Over the past 100 years, major advances in the application of this insight in the formulation of economic models have been made in various subfields of economics. The concept of extrapolation, the idea that past observations of a series are the basis for making projections into the future, was present from the start of the modeling of dynamic economic processes"-- Provided by publisher
Bibliography Includes bibliographical references and index
Notes Description based on online resource; title from digital title page (viewed on August 17, 2020)
Subject Rational expectations (Economic theory)
Rational expectations (Economic theory) -- Mathematical models
Inflation (Finance)
Economics -- Psychological aspects.
Inflation, Economic
Economics -- Psychological aspects
Inflation (Finance)
Rational expectations (Economic theory)
Rational expectations (Economic theory) -- Mathematical models
Form Electronic book
LC no. 2019060123
ISBN 9781316987056