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Demystifying rational expectations theory through an economic-psychological model

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  • Wärneryd, K.E.

    (Tilburg University, Center For Economic Research)

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  • Wärneryd, K.E., 1995. "Demystifying rational expectations theory through an economic-psychological model," Discussion Paper 1995-92, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:55239fad-7b77-4104-85d3-c491cde2ce90
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    2. Baghestani, Hamid, 1992. "On the Formation of Expected Inflation under Various Conditions: Some Survey Evidence," The Journal of Business, University of Chicago Press, vol. 65(2), pages 281-293, April.
    3. Zullow, Harold M., 1991. "Pessimistic rumination in popular songs and newsmagazines predict economic recession via decreased consumer optimism and spending," Journal of Economic Psychology, Elsevier, vol. 12(3), pages 501-526, September.
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    5. Batchelor, Roy & Dua, Pami, 1991. "Blue Chip Rationality Tests," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(4), pages 692-705, November.
    6. Naish, Howard F., 1993. "The near optimality of adaptive expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 20(1), pages 3-22, January.
    7. Van Raaij, W. Fred & Gianotten, Henk J., 1990. "Consumer confidence, expenditure, saving, and credit," Journal of Economic Psychology, Elsevier, vol. 11(2), pages 269-290, June.
    8. Brown, Bryan W & Maital, Shlomo, 1981. "What Do Economists Know? An Empirical Study of Experts' Expectations," Econometrica, Econometric Society, vol. 49(2), pages 491-504, March.
    9. Bechtel, Gordon G. & Abeele, Piet Vanden & DeMeyer, Anne Marie, 1993. "The sociotropic aspect of consumer confidence," Journal of Economic Psychology, Elsevier, vol. 14(4), pages 615-633, December.
    10. Batchelor, Roy A. & Dua, Pami, 1990. "Product differentiation in the economic forecasting industry," International Journal of Forecasting, Elsevier, vol. 6(3), pages 311-316, October.
    11. Maital, Shlomo, 1979. "Inflation Expectations in the Monetarist Black Box," American Economic Review, American Economic Association, vol. 69(3), pages 429-434, June.
    12. Biart, Michel & Praet, Peter, 1987. "The contribution of opinion surveys in forecasting aggregate demand in the four main EC countries," Journal of Economic Psychology, Elsevier, vol. 8(4), pages 409-428, December.
    13. Simon, Herbert A., 1984. "On the behavioral and rational foundations of economic dynamics," Journal of Economic Behavior & Organization, Elsevier, vol. 5(1), pages 35-55, March.
    14. Jonung, Lars, 1981. "Perceived and Expected Rates of Inflation in Sweden," American Economic Review, American Economic Association, vol. 71(5), pages 961-968, December.
    15. Levin, Irwin P., 1985. "How changes in price and salary affect economic satisfaction: Information integration models and inference processes," Journal of Economic Psychology, Elsevier, vol. 6(2), pages 143-155, June.
    16. Ivaldi, Marc, 1992. "Survey Evidence on the Rationality of Expectations," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(3), pages 225-241, July-Sept.
    17. Maital, Shlomo & Maital, Sharone, 1981. "Individual-rational and group-rational inflation expectations: Theory and cross-section evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 2(2), pages 179-186, June.
    18. Batchelor, R. A., 1986. "The psychophysics of inflation," Journal of Economic Psychology, Elsevier, vol. 7(3), pages 269-290, September.
    19. Akerlof, George A, 1991. "Procrastination and Obedience," American Economic Review, American Economic Association, vol. 81(2), pages 1-19, May.
    20. Sheffrin,Steven M., 1996. "Rational Expectations," Cambridge Books, Cambridge University Press, number 9780521479394.
    21. Batchelor, Roy & Dua, Pami, 1992. "Survey Expectations in the Time Series Consumption Function," The Review of Economics and Statistics, MIT Press, vol. 74(4), pages 598-606, November.
    22. Nerlove, Marc, 1983. "Expectations, Plans, and Realizations in Theory and Practice," Econometrica, Econometric Society, vol. 51(5), pages 1251-1279, September.
    23. Arrow, Kenneth J, 1986. "Rationality of Self and Others in an Economic System," The Journal of Business, University of Chicago Press, vol. 59(4), pages 385-399, October.
    24. van Raaij, W. Fred, 1989. "Economic news, expectations and macro-economic behaviour," Journal of Economic Psychology, Elsevier, vol. 10(4), pages 473-493.
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