How Rational are the Expected Inflation Rate in Australia?

This paper uses the methodology of Pearce (1979) and Bhagestani and Noori (2008) to show that the expected rate of inflation by the market participants in Australia is more rational than the household survey forecasts by the Melbourne Institute.

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Year of publication:	2011-02-08
Authors:	Paradiso, Antonio ; Rao, B. Bhaskara
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	ARIMA Forecasts \| Expected Inflation Rate \| Survey data \| Australia

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	C12 - Hypothesis Testing ; C2 - Econometric Methods: Single Equation Models ; E3 - Prices, Business Fluctuations, and Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008835342