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.
1. 19.1: Introduction - p. 569 2. 19.2: The general setup - p. 570 3. 19.3: News shocks - p. 576 4. 19.4: Channels underlying savings behavior - p. 585 5. 19.5: Noise shocks - p. 589 6. 19.6: Sunspots - p. 597 7. 19.7: Conclusions - p. 605 8. Appendix 19.A: Solutions for news shocks - p. 607 9. Appendix 19.B: Computing the Jacobians - p. 608 10. References - p. 609 11. Chapter 20 Dampening general equilibrium: incomplete information and bounded rationality - p. 613 12. 20.1: Introduction - p. 613 13. 20.2: Framework - p. 616 14. 20.3: Incomplete information - p. 620 15. 20.4: Bounded rationality - p. 625 16. 20.5: Additional variants and dynamic extensions - p. 630 17. 20.6: Applications - p. 635 18. 20.7: Discussion: similarities, differences, and empirical backdrop - p. 640 19. 20.8: Conclusion - p. 642 20. References - p. 643 21. Chapter 21 Expectations data in structural microeconomic models - p. 647 22. Chapter 22 Expectations data, labor market, and job search - p. 677 23. Chapter 23 Bayesian learning - p. 717 24. 23.1: Introduction - p. 717 25. 23.2: Mathematical preliminaries - p. 718 26. 23.3: Using signals to understand economic activity - p. 722 27. 23.4: Information choice and learning technologies - p. 729 28. 23.5: Theories of the data economy - p. 738 29. 23.6: Conclusion - p. 741 30. References - p. 742 31. Chapter 24 Ambiguity - p. 749 32. Chapter 25 Epidemiological expectations - p. 779 33. Chapter 26 Looking ahead to research enhancing measurement of expectations - p. 809 34. Index - p. 823 35. Index - Continued - p. 835
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.
1. 19.1: Introduction - p. 569 2. 19.2: The general setup - p. 570 3. 19.3: News shocks - p. 576 4. 19.4: Channels underlying savings behavior - p. 585 5. 19.5: Noise shocks - p. 589 6. 19.6: Sunspots - p. 597 7. 19.7: Conclusions - p. 605 8. Appendix 19.A: Solutions for news shocks - p. 607 9. Appendix 19.B: Computing the Jacobians - p. 608 10. References - p. 609 11. Chapter 20 Dampening general equilibrium: incomplete information and bounded rationality - p. 613 12. 20.1: Introduction - p. 613 13. 20.2: Framework - p. 616 14. 20.3: Incomplete information - p. 620 15. 20.4: Bounded rationality - p. 625 16. 20.5: Additional variants and dynamic extensions - p. 630 17. 20.6: Applications - p. 635 18. 20.7: Discussion: similarities, differences, and empirical backdrop - p. 640 19. 20.8: Conclusion - p. 642 20. References - p. 643 21. Chapter 21 Expectations data in structural microeconomic models - p. 647 22. Chapter 22 Expectations data, labor market, and job search - p. 677 23. Chapter 23 Bayesian learning - p. 717 24. 23.1: Introduction - p. 717 25. 23.2: Mathematical preliminaries - p. 718 26. 23.3: Using signals to understand economic activity - p. 722 27. 23.4: Information choice and learning technologies - p. 729 28. 23.5: Theories of the data economy - p. 738 29. 23.6: Conclusion - p. 741 30. References - p. 742 31. Chapter 24 Ambiguity - p. 749 32. Chapter 25 Epidemiological expectations - p. 779 33. Chapter 26 Looking ahead to research enhancing measurement of expectations - p. 809 34. Index - p. 823 35. Index - Continued - p. 835
