A Structural Analysis of Expectation Formation
Based on Business Surveys of French Manufacturing Industry
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Beschreibung
This book proposes a structural analysis to study the formation of production plans and the rationality of expectations. An original procedure is developed to estimate the economic model on survey data using the theory of polychoric correlation coefficient and distribution-free estimator.
Autor*in
Marc Ivaldi
Themen in »A Structural Analysis of Expectation Formation«
Korrelation Korrelationskoeffizient Markov chain econometrics efficiency forecasting latent variables optimization polychoric correlation coefficient production-smoothing model rational expectations rationale Erwartungen statistics Ökonometrie