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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

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
Creator
Author
Subject
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
Member of
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
Instantiates
Publication
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
Publication
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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