Information rigidity and the expectations formation process: a simple framework and new facts
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Schriftenreihe: | IMF working paper
WP/12/296 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Dec. 21, 2012). - "Research Department.". - "December 2012." We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information rigidity. Applying this approach to U.S. and international data of professional forecasters and other agents yields pervasive evidence consistent with the presence of information rigidities. These results therefore provide a set of stylized facts which can be used to calibrate imperfect information models. Finally, we document evidence of state-dependence in the expectations formation process Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (55 pages) |
| ISBN: | 9781475516753 1475516754 1475533861 9781475533866 |
Internformat
MARC
| LEADER | 00000nmm a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV042959567 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 151030s2012 |||| o||u| ||||||eng d | ||
| 020 | |a 9781475516753 |9 978-1-4755-1675-3 | ||
| 020 | |a 1475516754 |9 1-4755-1675-4 | ||
| 020 | |a 1475533861 |9 1-4755-3386-1 | ||
| 020 | |a 9781475533866 |9 978-1-4755-3386-6 | ||
| 035 | |a (OCoLC)822598643 | ||
| 035 | |a (DE-599)BVBBV042959567 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 082 | 0 | |a 330.01/12 |2 23 | |
| 100 | 1 | |a Coibion, Olivier |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Information rigidity and the expectations formation process |b a simple framework and new facts |c Olivier Coibion, Yuriy Gorodnichenko |
| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund |c ©2012 | |
| 300 | |a 1 Online-Ressource (55 pages) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a IMF working paper |v WP/12/296 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed Dec. 21, 2012). - "Research Department.". - "December 2012." | ||
| 500 | |a We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information rigidity. Applying this approach to U.S. and international data of professional forecasters and other agents yields pervasive evidence consistent with the presence of information rigidities. These results therefore provide a set of stylized facts which can be used to calibrate imperfect information models. Finally, we document evidence of state-dependence in the expectations formation process | ||
| 500 | |a Includes bibliographical references | ||
| 650 | 7 | |a BUSINESS & ECONOMICS / Economics / Theory |2 bisacsh | |
| 650 | 7 | |a Economic forecasting |2 fast | |
| 650 | 7 | |a Information theory in economics |2 fast | |
| 650 | 7 | |a Rational expectations (Economic theory) |2 fast | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Rational expectations (Economic theory) | |
| 650 | 4 | |a Information theory in economics | |
| 650 | 4 | |a Economic forecasting | |
| 700 | 1 | |a Gorodnichenko, Yuriy |e Sonstige |4 oth | |
| 710 | 2 | |a International Monetary Fund |b Research Department |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548025 |x Aggregator |3 Volltext |
| 912 | |a ZDB-4-EBU | ||
| 940 | 1 | |q FLA_PDA_EBU | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-028385434 | ||
Datensatz im Suchindex
| _version_ | 1804175279405400064 |
|---|---|
| any_adam_object | |
| author | Coibion, Olivier |
| author_facet | Coibion, Olivier |
| author_role | aut |
| author_sort | Coibion, Olivier |
| author_variant | o c oc |
| building | Verbundindex |
| bvnumber | BV042959567 |
| collection | ZDB-4-EBU |
| ctrlnum | (OCoLC)822598643 (DE-599)BVBBV042959567 |
| dewey-full | 330.01/12 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.01/12 |
| dewey-search | 330.01/12 |
| dewey-sort | 3330.01 212 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02610nmm a2200493zcb4500</leader><controlfield tag="001">BV042959567</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">151030s2012 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475516753</subfield><subfield code="9">978-1-4755-1675-3</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475516754</subfield><subfield code="9">1-4755-1675-4</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475533861</subfield><subfield code="9">1-4755-3386-1</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475533866</subfield><subfield code="9">978-1-4755-3386-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)822598643</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV042959567</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">330.01/12</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Coibion, Olivier</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Information rigidity and the expectations formation process</subfield><subfield code="b">a simple framework and new facts</subfield><subfield code="c">Olivier Coibion, Yuriy Gorodnichenko</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">[Washington, D.C.]</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">©2012</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (55 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF working paper</subfield><subfield code="v">WP/12/296</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Title from PDF title page (IMF Web site, viewed Dec. 21, 2012). - "Research Department.". - "December 2012."</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information rigidity. Applying this approach to U.S. and international data of professional forecasters and other agents yields pervasive evidence consistent with the presence of information rigidities. These results therefore provide a set of stylized facts which can be used to calibrate imperfect information models. Finally, we document evidence of state-dependence in the expectations formation process</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Economics / Theory</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Economic forecasting</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Information theory in economics</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Rational expectations (Economic theory)</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Rational expectations (Economic theory)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Information theory in economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic forecasting</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Gorodnichenko, Yuriy</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="b">Research Department</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548025</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="940" ind1="1" ind2=" "><subfield code="q">FLA_PDA_EBU</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-028385434</subfield></datafield></record></collection> |
| id | DE-604.BV042959567 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:13:46Z |
| institution | BVB |
| isbn | 9781475516753 1475516754 1475533861 9781475533866 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028385434 |
| oclc_num | 822598643 |
| open_access_boolean | |
| physical | 1 Online-Ressource (55 pages) |
| psigel | ZDB-4-EBU FLA_PDA_EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Coibion, Olivier Verfasser aut Information rigidity and the expectations formation process a simple framework and new facts Olivier Coibion, Yuriy Gorodnichenko [Washington, D.C.] International Monetary Fund ©2012 1 Online-Ressource (55 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/296 Title from PDF title page (IMF Web site, viewed Dec. 21, 2012). - "Research Department.". - "December 2012." We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information rigidity. Applying this approach to U.S. and international data of professional forecasters and other agents yields pervasive evidence consistent with the presence of information rigidities. These results therefore provide a set of stylized facts which can be used to calibrate imperfect information models. Finally, we document evidence of state-dependence in the expectations formation process Includes bibliographical references BUSINESS & ECONOMICS / Economics / Theory bisacsh Economic forecasting fast Information theory in economics fast Rational expectations (Economic theory) fast Wirtschaft Rational expectations (Economic theory) Information theory in economics Economic forecasting Gorodnichenko, Yuriy Sonstige oth International Monetary Fund Research Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548025 Aggregator Volltext |
| spellingShingle | Coibion, Olivier Information rigidity and the expectations formation process a simple framework and new facts BUSINESS & ECONOMICS / Economics / Theory bisacsh Economic forecasting fast Information theory in economics fast Rational expectations (Economic theory) fast Wirtschaft Rational expectations (Economic theory) Information theory in economics Economic forecasting |
| title | Information rigidity and the expectations formation process a simple framework and new facts |
| title_auth | Information rigidity and the expectations formation process a simple framework and new facts |
| title_exact_search | Information rigidity and the expectations formation process a simple framework and new facts |
| title_full | Information rigidity and the expectations formation process a simple framework and new facts Olivier Coibion, Yuriy Gorodnichenko |
| title_fullStr | Information rigidity and the expectations formation process a simple framework and new facts Olivier Coibion, Yuriy Gorodnichenko |
| title_full_unstemmed | Information rigidity and the expectations formation process a simple framework and new facts Olivier Coibion, Yuriy Gorodnichenko |
| title_short | Information rigidity and the expectations formation process |
| title_sort | information rigidity and the expectations formation process a simple framework and new facts |
| title_sub | a simple framework and new facts |
| topic | BUSINESS & ECONOMICS / Economics / Theory bisacsh Economic forecasting fast Information theory in economics fast Rational expectations (Economic theory) fast Wirtschaft Rational expectations (Economic theory) Information theory in economics Economic forecasting |
| topic_facet | BUSINESS & ECONOMICS / Economics / Theory Economic forecasting Information theory in economics Rational expectations (Economic theory) Wirtschaft |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548025 |
| work_keys_str_mv | AT coibionolivier informationrigidityandtheexpectationsformationprocessasimpleframeworkandnewfacts AT gorodnichenkoyuriy informationrigidityandtheexpectationsformationprocessasimpleframeworkandnewfacts AT internationalmonetaryfundresearchdepartment informationrigidityandtheexpectationsformationprocessasimpleframeworkandnewfacts |