Adaptive Expectations
Heterogeneous Adaptive Expectations and Coordination in a Learning to Forecast Experiment
... agents’ expectations, in a market with no constant fundamental ...of adaptive expectations, the individual prediction will be unbiased in the case in which agents are able to estimate the value of ...
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When are adaptive expectations rational? A generalization
... the adaptive expectations mecha- nism in which the learning parameter is time ...that expectations generated in this way are rational in the sense of producing minimum mean squared forecast errors ...
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Irish consumer expectations and the adaptive expectations model
... Economic and Social Review Vol, 9 No.. Perceived May '74 Oct.[r] ...
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Data Estimation and Interpretation: An Analysis
... This paper examines a central aspect of the collection and interpretation of economic data 1 among developed and developing countries. This aspect illustrates that for developed economies the collection of figures is far ...
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Adaptive interactive profit expectations using small world networks and runtime weighted model averaging
... Hicks’s adaptive expectations 1 , Flieth and Foster’s interactive expectations 2 , Watts and Strogatz’s small world networks 3 and the findings of the ‘Beer Distribution Game’ to simulate the process ...
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Extending the Textbook Dynamic AD AS Framework with Flexible Inflation Expectations, Optimal Policy Response to Demand Changes, and the Zero Bound on the Nominal Interest Rate
... tionary expectations are typically assumed to be deter- mined with adaptive expectations (Jones [4]; Mankiw [1]; Carlin and Soskice [7]; Kapinos [8]; Weisse ...
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Memory, expectation formation and scheduling choices
... We developed a model in which adaptive expectations are formed on the basis of past experi- ences and anchoring. Limited memory storage capacity, transience, inaccurate retrieval and anchoring result in ...
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Exchange rate pass through to consumer prices in Nigeria: An asymmetric approach
... have adaptive expectations; the case of imported inflation was also found; partial/incomplete exchange rate pass-through was found over the short term and the pass-through estimates became larger when the ...
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Stability and cycles in a cobweb model with heterogeneous expectations
... rational expectations predictor, the na¨ıve predictor, and adaptive ...costless adaptive predictor defined as a weighted average of the most recent price and the most recent ...when adaptive ...
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Constrained Balancing: The UK, Germany, and ESDP
... of adaptive expectations as well as formal obstacles for rule ...which adaptive expectations are important and formal obstacles for institutional change ...
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Essays on Macroeconometrics
... The estimation of dynamic stochastic general equilibrium (DSGE) models has been an important subject in macroeconomics. DSGE models are useful to understand the propagation mechanism of structural shocks to business ...
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Economic size of farms and adjustments of the total factor productivity to the business cycle in Polish agriculture
... If it behaves rationally, it strives to optimise the structure of production and the growth in produc- tivity. When a farm improves its technological pro- ductivity, in the conditions of adaptive ...
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Adaptive Interactive Profit Expectations and Small World Networks
... rational expectations hypothesis (Muth 1960, ...profit expectations and profit actualisation is purely a product of unexpected exogenous ...their adaptive and interactive ...the adaptive ...
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Adaptive interactive expectations: dynamically modelling profit expectations
... of expectations and forms the core of many other neoclassical theories such as GET, EMH, CGE and ...Modelling expectations in an interactive and dynamic way may remedy many of the discrepancies ...and ...
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European Economy Supplement B No 4 April 1988 Economic prospects business and consumer survey results
... production expectations order-books export order-books stocks of finished products selling-price expectations industrial confidence indicator production expectations order-books export o[r] ...
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European Economy Supplement B No 11 November 1987 Economic prospects business and consumer survey results
... production expectations orderbooks export orderbooks stocks of finished products sellingprice expectations industrial confidence indicator.. EUR production expectations.[r] ...
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European Economy Supplement B No 1 January 1985 Economic prospects business survey results
... production expectations orderbooks export orderbooks stocks of finished products sellingprice expectations industrial confidence indicator.. production expectations orderbooks export[r] ...
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European Economy Supplement B No 5 May 1985 Economic prospects business and consumer survey results
... production expectations orderbooks export orderbooks stocks of finished products sellingprice expectations industrial confidence indicator.. production expectations orderbooks export[r] ...
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Results of the business survey carried out among managements in the Community. 9, 1988
... Stocks of finished products Production expectations Sellingprice expectations Employment expectations Limits to pro duction 94. Adequacy of production capacity 10..[r] ...
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European Economy Supplement B No 5 May 1987 Economic prospects business and consumer survey results
... production expectations orderbooks export orderbooks stocks of finished products sellingprice expectations industrial confidence indicator + 15.. production expectations orderbooks e[r] ...
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