Some Empirical Results on 'the Rationality' of Expectations Derived from Survey Data

Peel, David and Walters, K. (1984) Some Empirical Results on 'the Rationality' of Expectations Derived from Survey Data. Empirical Economics, 9 (3). pp. 151-163. ISSN 1435-8921

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Abstract

The purpose in this paper is to examine the properties of time series of expectations data derived from survey data, when explicit allowance is made for the time horizon of the forecasts and the information set which agents possess. Our empirical results suggest that three of the five series examined exhibit ex-post bias.

Item Type:
Journal Article
Journal or Publication Title:
Empirical Economics
Uncontrolled Keywords:
/dk/atira/pure/researchoutput/libraryofcongress/hb
Subjects:
?? ECONOMICSECONOMICS AND ECONOMETRICSSOCIAL SCIENCES (MISCELLANEOUS)MATHEMATICS (MISCELLANEOUS)STATISTICS AND PROBABILITYHB ECONOMIC THEORY ??
ID Code:
56413
Deposited By:
Deposited On:
31 Jul 2012 10:07
Refereed?:
Yes
Published?:
Published
Last Modified:
17 Sep 2023 01:08