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Applications of the Carlson-Parkin Method to Japanese Price Expectations (in Japanese)

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  • Masahiro Hori
  • Akira Terai

Abstract

This paper introduces the Carlson-Parkin [1975] method (henceforth, CP) and its variants to beginners. Although the CP method is a positive attempt to derive an unobservable expectation series based on limited available information, there is plenty of room for improvements to make the derived series realistic.

Suggested Citation

  • Masahiro Hori & Akira Terai, 2005. "Applications of the Carlson-Parkin Method to Japanese Price Expectations (in Japanese)," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 175, pages 170-191, March.
    • Handle: RePEc:esj:esriea:175g
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    File URL: http://www.esri.go.jp/jp/archive/bun/bun175/bun175m.pdf
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    Cited by:

    1. Kansho Piotr Otsubo, 2018. "How Does Unconventional Monetary Policy Influence the Economy in Japan?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(3), pages 308-330, March.
    2. Ono, Masanori, 2017. "Inflation, expectation, and the real economy in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 45(C), pages 13-26.

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