Handbook of Economic Expectations

Ruediger Bachmann, Giorgio Topa, Wilbert van der Klaauw

• Publisher: Academic Press
• Year: 2022
• Print ISBN: 9780128229279
• eBook ISBN: 9780128234761
• Topic: Economics
• Subtopic: Business Mathematics
• Index: Economics

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. - Combines information about the creation of economic expectations and their theories, applications and likely futures - Provides a comprehensive summary of economics expectations literature - Explores empirical and theoretical dimensions of expectations and their relevance to a wide array of subfields in economics

Table of contents

• Handbook of Economic Expectations
• Cover
• Title Page
• Copyright Page
• Table of Contents
• Contributors
• Preface
• Chapter 1 Household surveys and probabilistic questions
• 1.1: History and motivation for measuring household economic expectations
• Chapter 2 Firm surveys
• Chapter 3 Surveys of professionals
• Chapter 4 Survey experiments on economic expectations
• Chapter 5 What do the data tell us about inflation expectations?
• 5.1: Introduction
• Chapter 6 Housing market expectations
• 6.1: Measuring expectations
• Chapter 7 Expectations in education
• Chapter 8 Mortality and health expectations
• 8.1: Introduction
• Chapter 9 Expectations in development economics
• Chapter 10 Retirement expectations
• 10.1: Introduction
• Chapter 11 The macroeconomic expectations of firms
• 11.1: Introduction
• Chapter 12 Firm expectations about production and prices: facts, determinants, and effects
• 12.1: Introduction
• Chapter 13 Expectations of financial market participants
• 13.1: Introduction
• Chapter 14 Measuring market expectations
• 14.1: Introduction
• Chapter 15 Inference on probabilistic surveys in macroeconomics with an application to the evolution of uncertainty in the survey of professional forecasters during the COVID pandemic
• 15.1: Introduction
• Chapter 16 Expectations data in asset pricing
• Chapter 17 The term structure of expectations
• 17.1: Introduction
• Chapter 18 Expectational data in DSGE models
• Chapter 19 Expectations and incomplete markets
• 19.5: Noise shocks
• 19.5.1: Model
• Chapter 20 Dampening general equilibrium: incomplete information and bounded rationality
• 20.7: Discussion: similarities, differences, and empirical backdrop
• 20.7.1: Key differences
• Chapter 21 Expectations data in structural microeconomic models
• Chapter 22 Expectations data, labor market, and job search
• 22.1: Introduction
• Chapter 23 Bayesian learning
• 23.5: Theories of the data economy
• Chapter 24 Ambiguity
• Chapter 25 Epidemiological expectations
• 25.1: Introduction
• Chapter 26 Looking ahead to research enhancing measurement of expectations
• Index
• Index - Continued