Are the representative agent's beliefs based on efficient econometric models?

DOI10.1016/j.jedc.2012.10.005zbMath1346.62157OpenAlexW2011573792MaRDI QIDQ318381

Maurizio Bovi

Publication date: 5 October 2016

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2012.10.005

zbMATH Keywords

bounded rationalityheterogeneous expectationsforecasting modelssurvey expectations

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Statistical methods; economic indices and measures (91B82)

Related Items (2)

Learnability of an equilibrium with private information ⋮ Forecasting macroeconomic fundamentals in economic crises

Cites Work

• Handbook of economic forecasting. Volume 1
• Business cycle amplification with heterogeneous expectations
• The diversity of forecasts from macroeconomic models of the US economy
• The heterogeneous expectations hypothesis: Some evidence from the lab
• Cattle cycles, heterogeneous expectations and the age distribution of capital
• The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations
• Sticky information and model uncertainty in survey data on inflation expectations
• Adaptive learning in practice
• A simple recursive forecasting model
• A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
• Measurement of Linear Dependence and Feedback Between Multiple Time Series
• A Rational Route to Randomness
• Macroeconomic Expectations of Households and Professional Forecasters
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• The Business Test of the IFO-Institute for Economic Research, Munich, and Its Theoretical Model
• On the Time Shape of Economic Microvariables and the Munich Business Test

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