The Resource The behavioral economics of inflation expectations : macroeconomics meets psychology, Tobias F. Rötheli
The behavioral economics of inflation expectations : macroeconomics meets psychology, Tobias F. Rötheli
Resource Information
The item The behavioral economics of inflation expectations : macroeconomics meets psychology, Tobias F. Rötheli represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Liverpool.This item is available to borrow from 1 library branch.
Resource Information
The item The behavioral economics of inflation expectations : macroeconomics meets psychology, Tobias F. Rötheli represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Liverpool.
This item is available to borrow from 1 library branch.
- Summary
- 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
- Language
- eng
- Extent
- 1 online resource (xix, 226 pages)
- Note
- Title from publisher's bibliographic system (viewed on 17 Jul 2020)
- Contents
-
- Patterns and expectations
- Extrapolation and expectations
- Eliciting expectations under laboratory conditions
- Features of the laboratory data
- Similarity matching and scaling the experimental data
- Pattern extrapolation and expectations measured by consumer surveys
- Heterogeneity and uncertainty of inflation expectations
- Inflation dynamics
- Explaining the course of interest rates
- Generalizing the pattern-based approach
- A detour to income expectations
- The Fisher effect in historical times
- Expectations of high inflation
- The Fisher effect in Asian economies
- The Fisher effect in African economies
- Estimates of expected inflation for major economies
- Estimates of expected real interest rates for major economies
- Isbn
- 9781108482851
- Label
- The behavioral economics of inflation expectations : macroeconomics meets psychology
- Title
- The behavioral economics of inflation expectations
- Title remainder
- macroeconomics meets psychology
- Statement of responsibility
- Tobias F. Rötheli
- Language
- eng
- Summary
- 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
- Cataloging source
- UkCbUP
- http://library.link/vocab/creatorName
- Rötheli, Tobias F
- Dewey number
- 332.4/1019
- Index
- index present
- LC call number
- HB3731
- LC item number
- .R67 2020
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/subjectName
-
- Rational expectations (Economic theory)
- Rational expectations (Economic theory)
- Inflation (Finance)
- Economics
- Extrapolation
- Label
- The behavioral economics of inflation expectations : macroeconomics meets psychology, Tobias F. Rötheli
- Note
- Title from publisher's bibliographic system (viewed on 17 Jul 2020)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- Patterns and expectations -- Extrapolation and expectations -- Eliciting expectations under laboratory conditions -- Features of the laboratory data -- Similarity matching and scaling the experimental data -- Pattern extrapolation and expectations measured by consumer surveys -- Heterogeneity and uncertainty of inflation expectations -- Inflation dynamics -- Explaining the course of interest rates -- Generalizing the pattern-based approach -- A detour to income expectations -- The Fisher effect in historical times -- Expectations of high inflation -- The Fisher effect in Asian economies -- The Fisher effect in African economies -- Estimates of expected inflation for major economies -- Estimates of expected real interest rates for major economies
- Control code
- CR9781316987056
- Extent
- 1 online resource (xix, 226 pages)
- Form of item
- online
- Isbn
- 9781108482851
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- digital, PDF file(s).
- Specific material designation
- remote
- Label
- The behavioral economics of inflation expectations : macroeconomics meets psychology, Tobias F. Rötheli
- Note
- Title from publisher's bibliographic system (viewed on 17 Jul 2020)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- Patterns and expectations -- Extrapolation and expectations -- Eliciting expectations under laboratory conditions -- Features of the laboratory data -- Similarity matching and scaling the experimental data -- Pattern extrapolation and expectations measured by consumer surveys -- Heterogeneity and uncertainty of inflation expectations -- Inflation dynamics -- Explaining the course of interest rates -- Generalizing the pattern-based approach -- A detour to income expectations -- The Fisher effect in historical times -- Expectations of high inflation -- The Fisher effect in Asian economies -- The Fisher effect in African economies -- Estimates of expected inflation for major economies -- Estimates of expected real interest rates for major economies
- Control code
- CR9781316987056
- Extent
- 1 online resource (xix, 226 pages)
- Form of item
- online
- Isbn
- 9781108482851
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- digital, PDF file(s).
- Specific material designation
- remote
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.liverpool.ac.uk/portal/The-behavioral-economics-of-inflation/sCpZ-W2MGkE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.liverpool.ac.uk/portal/The-behavioral-economics-of-inflation/sCpZ-W2MGkE/">The behavioral economics of inflation expectations : macroeconomics meets psychology, Tobias F. Rötheli</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.liverpool.ac.uk/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.liverpool.ac.uk/">University of Liverpool</a></span></span></span></span></div>
