Handbook of Economic Expectations

Erscheinungsjahr 2022
ISBN: 978-0-12-822927-9
Verlag: Elsevier Science Publishing Co Inc

Buch, Englisch, 1000 Seiten, Format (B × H): 186 mm x 235 mm, Gewicht: 1800 g

Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations formation and updating, as well as open questions and directions for future research. The book spans a broad range of fields, approaches and applications using data on subjective expectations that allows us to make progress on fundamental questions around the formation and updating of expectations by economic agents and their information sets. The information included will help us study heterogeneity and potential biases in expectations and analyze impacts on behavior and decision-making under uncertainty.

Autoren/Hrsg.

Topa, Giorgio

Bachmann, Ruediger

van der Klaauw, Wilbert

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftsprognose
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftsstatistik, Demographie

Inhaltsverzeichnis

I. Expectations Elicitation

1. Household surveys and probabilistic questions

2. Firm surveys

3. Surveys of professionals

4. Expectations in lab experiments

5. Field experiments in surveys

6. Market data

II. Expectations as Data

7. Inflation expectations

8. Housing market expectations

9. Expectations in education

10. Expectations in development

11. Expectations of older households (retirement, demographics)

12. Expectations of financial market participants

13. Expectations of firms about macroeconomic variables

14. Expectations of firms about their own variables

III. Expectations Data and Theory

15. Expectations data, term structure and monetary policy

16. Expectations data and DSGE models

17. Expectations data in structural micro models

18. Expectations data and asset pricing

19. Expectations data, labor market and job search

IV. Theory of Expectations
20. Sentiment and confidence in macro models
21. Expectations in incomplete market models
22. Heterogeneous beliefs
23. Ambiguity and Uncertainty
24. Learning

V. Open Issues
26. The Epidemiology of Expectations and the Media
27. Neuroeconomics and Expectations
28. Health Expectations

Über Autor(innen)

Topa, Giorgio
Giorgio Topa is a Vice President in the Microeconomic Studies Function at the Federal Reserve Bank of New York. His primary research interests include applied microeconomics, labor economics and applied econometrics. He has been studying models of networks and social interactions, and associated econometric tools; mismatch in the labor market; job search behavior; consumer expectations and the elicitation of expectations in surveys. Prior to joining the New York Fed, Mr. Topa was an assistant professor at New York University. He holds a B.A. from Universita' di Venezia, Italy and a Ph.D. from the University of Chicago.

van der Klaauw, Wilbert
Wilbert Van Der Klaauw is a Senior Vice President in the Microeconomic Studies Function and Director of the Center for Microeconomic Data at the Federal Reserve Bank of New York. He is a labor economist and applied econometrician whose research interests include the study of life cycle labor supply, household financial behavior and expectations, educational investment and productivity, and econometric approaches to program evaluation. He is co-editor of Labour Economics. Prior to joining the New York Fed, Dr. van der Klaauw was a Professor at UNC-Chapel Hill and Assistant Professor at New York University. He holds a Ph.D. from Brown University.