Matches in SemOpenAlex for { <https://semopenalex.org/work/W1909302077> ?p ?o ?g. }
Showing items 1 to 92 of
92
with 100 items per page.
- W1909302077 abstract "This paper investigates the issue of rational expectations using inflation forecasts from the Survey of Professional Forecasters (SPF) and the Green Book. We provide an alternative test of rational expectations hypothesis by measuring the degree of persistence of potential systematic mistakes. The test is obtained by solving a signal extraction problem that distinguishes between systematic and non-systematic forecast errors. The findings indicate highly persistent systematic mistakes, which are driven by the inefficient use of available information, and reject the rational expectations hypothesis. The estimated time-varying bias can be used to improve the SPF and Green Book inflation forecast performance by at least 13.4%. Thispaper also documents evidence that the real interest rate plays a crucial role in explaining the level of bias that leads to under- and over predictions of actual inflation." @default.
- W1909302077 created "2016-06-24" @default.
- W1909302077 creator A5027331419 @default.
- W1909302077 creator A5028070594 @default.
- W1909302077 date "2009-07-23" @default.
- W1909302077 modified "2023-10-18" @default.
- W1909302077 title "Irrational Bias in Inflation Forecasts" @default.
- W1909302077 cites W1603115845 @default.
- W1909302077 cites W1977168372 @default.
- W1909302077 cites W2009566643 @default.
- W1909302077 cites W2037877024 @default.
- W1909302077 cites W2052647713 @default.
- W1909302077 cites W2084689273 @default.
- W1909302077 cites W2133019268 @default.
- W1909302077 cites W2171720247 @default.
- W1909302077 cites W2240915398 @default.
- W1909302077 cites W2292793879 @default.
- W1909302077 cites W3022712314 @default.
- W1909302077 cites W3123288951 @default.
- W1909302077 cites W3123626168 @default.
- W1909302077 cites W3123935426 @default.
- W1909302077 cites W3125450854 @default.
- W1909302077 hasPublicationYear "2009" @default.
- W1909302077 type Work @default.
- W1909302077 sameAs 1909302077 @default.
- W1909302077 citedByCount "0" @default.
- W1909302077 crossrefType "posted-content" @default.
- W1909302077 hasAuthorship W1909302077A5027331419 @default.
- W1909302077 hasAuthorship W1909302077A5028070594 @default.
- W1909302077 hasConcept C121332964 @default.
- W1909302077 hasConcept C126285488 @default.
- W1909302077 hasConcept C127413603 @default.
- W1909302077 hasConcept C139719470 @default.
- W1909302077 hasConcept C149782125 @default.
- W1909302077 hasConcept C151730666 @default.
- W1909302077 hasConcept C162324750 @default.
- W1909302077 hasConcept C187320778 @default.
- W1909302077 hasConcept C200941418 @default.
- W1909302077 hasConcept C2524010 @default.
- W1909302077 hasConcept C2776892200 @default.
- W1909302077 hasConcept C2777267654 @default.
- W1909302077 hasConcept C2781009140 @default.
- W1909302077 hasConcept C33332235 @default.
- W1909302077 hasConcept C33923547 @default.
- W1909302077 hasConcept C86803240 @default.
- W1909302077 hasConcept C94931360 @default.
- W1909302077 hasConcept C96016098 @default.
- W1909302077 hasConceptScore W1909302077C121332964 @default.
- W1909302077 hasConceptScore W1909302077C126285488 @default.
- W1909302077 hasConceptScore W1909302077C127413603 @default.
- W1909302077 hasConceptScore W1909302077C139719470 @default.
- W1909302077 hasConceptScore W1909302077C149782125 @default.
- W1909302077 hasConceptScore W1909302077C151730666 @default.
- W1909302077 hasConceptScore W1909302077C162324750 @default.
- W1909302077 hasConceptScore W1909302077C187320778 @default.
- W1909302077 hasConceptScore W1909302077C200941418 @default.
- W1909302077 hasConceptScore W1909302077C2524010 @default.
- W1909302077 hasConceptScore W1909302077C2776892200 @default.
- W1909302077 hasConceptScore W1909302077C2777267654 @default.
- W1909302077 hasConceptScore W1909302077C2781009140 @default.
- W1909302077 hasConceptScore W1909302077C33332235 @default.
- W1909302077 hasConceptScore W1909302077C33923547 @default.
- W1909302077 hasConceptScore W1909302077C86803240 @default.
- W1909302077 hasConceptScore W1909302077C94931360 @default.
- W1909302077 hasConceptScore W1909302077C96016098 @default.
- W1909302077 hasLocation W19093020771 @default.
- W1909302077 hasOpenAccess W1909302077 @default.
- W1909302077 hasPrimaryLocation W19093020771 @default.
- W1909302077 hasRelatedWork W1483766944 @default.
- W1909302077 hasRelatedWork W1539056520 @default.
- W1909302077 hasRelatedWork W1592056097 @default.
- W1909302077 hasRelatedWork W1827686739 @default.
- W1909302077 hasRelatedWork W2003850104 @default.
- W1909302077 hasRelatedWork W2113096357 @default.
- W1909302077 hasRelatedWork W2150775017 @default.
- W1909302077 hasRelatedWork W2170553155 @default.
- W1909302077 hasRelatedWork W2171763954 @default.
- W1909302077 hasRelatedWork W2322382232 @default.
- W1909302077 hasRelatedWork W2398029365 @default.
- W1909302077 hasRelatedWork W2463604180 @default.
- W1909302077 hasRelatedWork W2594202232 @default.
- W1909302077 hasRelatedWork W2904603305 @default.
- W1909302077 hasRelatedWork W3121921953 @default.
- W1909302077 hasRelatedWork W3123727494 @default.
- W1909302077 hasRelatedWork W3143150801 @default.
- W1909302077 hasRelatedWork W3148238449 @default.
- W1909302077 hasRelatedWork W1805412390 @default.
- W1909302077 hasRelatedWork W2019324257 @default.
- W1909302077 isParatext "false" @default.
- W1909302077 isRetracted "false" @default.
- W1909302077 magId "1909302077" @default.
- W1909302077 workType "article" @default.