The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology okumak kayıt olmadan

The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology

Ders Kitapları

As one of the first texts to take a behavioral approach to macroeconomic expectations, this book introduces a new way of doing economics. Rötheli uses cognitive psychology in a bottom-up method of modeling macroeconomic expectations. His research is based on laboratory experiments and historical data, which he extends to real-world situations. Pattern extrapolation is shown to be the key to understanding expectations of inflation and income. The quantitative model of expectations is used to analyze the course of inflation and nominal interest rates in a range of countries and historical periods. The model of expected income is applied to the analysis of business cycle phenomena such as the great recession in the United States. Data and spreadsheets are provided for readers to do their own computations of macroeconomic expectations. This book offers new perspectives in many areas of macro and financial economics.

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Additional Contributors WADE H MCCREE 18,9 x 0,6 x 24,6 cm 30 Ekim 2011 ROBERT H BORK 1 Ocak 2017 13 Ağustos 2020 Kolektif 18,9 x 0,4 x 24,6 cm Mdpi AG 28 Ekim 2011 28 Şubat 2018 18,9 x 0,3 x 24,6 cm 15 x 0,5 x 22 cm ERWIN N GRISWOLD 3 Ocak 2017 18,9 x 0,5 x 24,6 cm 18,9 x 0,2 x 24,6 cm

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