Sticky information and model uncertainty in survey data on inflation expectations

DOI10.1016/j.jedc.2005.11.002zbMath1162.91457OpenAlexW2158678958MaRDI QIDQ959728

William A. Branch

Publication date: 12 December 2008

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

Full work available at URL: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.322.4781

zbMATH Keywords

adaptive learningmodel uncertaintyheterogeneous expectationssurvey expectations

Mathematics Subject Classification ID

Economic time series analysis (91B84) Macroeconomic theory (monetary models, models of taxation) (91B64) Economics of information (91B44)

Related Items (17)

Heterogeneity and learning with complete markets ⋮ Emerging patterns in inflation expectations with multiple agents ⋮ Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations ⋮ Are the representative agent's beliefs based on efficient econometric models? ⋮ Learnability of an equilibrium with private information ⋮ Animal spirits and credit cycles ⋮ The heterogeneous expectations hypothesis: Some evidence from the lab ⋮ Time-varying consumer disagreement and future inflation ⋮ Identifying the source of information rigidities in the expectations formation process ⋮ A continuum of path-dependent equilibrium solutions induced by sticky expectations. ⋮ Formation of rationally heterogeneous expectations ⋮ Coexistence of equilibria in a New Keynesian model with heterogeneous beliefs ⋮ Experimental evidence on inflation expectation formation ⋮ A New Keynesian model with heterogeneous expectations ⋮ Dynamic predictor selection in a New Keynesian model with heterogeneous expectations ⋮ A naïve sticky information model of households' inflation expectations ⋮ The global stability of a class of history-dependent macroeconomic models

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