The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology - Couverture rigide

Rötheli, Tobias F.

Couverture rigide

ISBN 10 : 1108482856 ISBN 13 : 9781108482851

Editeur : Cambridge University Press, 2020

Synopsis

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.

A propos du livre

À propos de l?auteur

Tobias F. Rötheli is Professor of Macroeconomics at the University of Erfurt.

Détails de l'édition

• Éditeur: Cambridge University Press
• Date d'édition: 2020
• Langue: anglais
• ISBN 10: 1108482856
• ISBN 13: 9781108482851
• Reliure: Relié
• Nombre de pages: 243
• Coordonnées du fabricant: non disponible
• Personne responsable: Avery; https://www.avery.fr/; ; chemin des peupliers 27; Dardilly; France