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This thesis is a collection of papers that use survey data to analyze expectations about macroeconomic variables and … the way these expectations are formed. Using a new approach for modeling forecast errors in a structural way, we show that … explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …
Persistent link: https://www.econbiz.de/10009429015
Wirtschaftsprognosen sollen die Unsicherheit bezüglich der zukünftigen wirtschaftlichen Entwicklung mindern und Planungsprozesse von Regierungen und Unternehmen unterstützen. Empirische Studien bescheinigen ihnen jedoch in aller Regel ein unbefriedigendes Qualitätsniveau. Auf der Suche nach...
Persistent link: https://www.econbiz.de/10011288103
In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in …, we show that this kind of model performs well in simulation experiments. Focusing upon producers' expectations in the …
Persistent link: https://www.econbiz.de/10009447863
In the first chapter, I develop and estimate a dynamic general equilibrium model with imperfectly informed firms in the sense of Woodford (2002). The model has two aggregate shocks: a monetary policy shock and a technology shock. Firms observe idiosyncratic noisy signals about these shocks and...
Persistent link: https://www.econbiz.de/10009438812
My dissertation consists of two independent essays on macroeconomic volatility and monetary economics respectively. The first essay explores the implications of imperfect information on macroeconomic volatility. It offers a micro-founded theory of time variation in the volatility of aggregate...
Persistent link: https://www.econbiz.de/10009450717
Este documento propone un modelo estadístico y un marco conceptual para estimar la volatilidad de la inflación suponiendo rational inattention, donde la caída del nivel de atención responde a la llegada de noticias al mercado. Estimamos la tendencia y la volatilidad condicional de la...
Persistent link: https://www.econbiz.de/10014569522
El presente trabajo resume la literatura existente relativa a los modelos de ajuste de los precios nominales, centrándose en los modelos de comportamiento óptimo o casi óptimo. El documento abarca tres clases principales de mecanismos: 1) modelos que suponen un coste fijo (menu cost) al...
Persistent link: https://www.econbiz.de/10014573598
Agronomists rely increasingly on computers, and more than half of all producers have access to computers. Increasing farm computer ownership has resulted in intensified efforts to transfer new software technologies to producers; however, little is known about how satisfied producers are with...
Persistent link: https://www.econbiz.de/10009429495
The study uses the 2005 Nielsen Homescan panel data to estimate price premiums and discounts associated with product attributes, market factors, and consumer characteristics, focusing on the organic attribute for five major fresh fruits and five major fresh vegetables in the United States. The...
Persistent link: https://www.econbiz.de/10009429498