A Monetarist Model of Inflationary Expectations |
Contents
Review of Previous Work on Expectations | 7 |
Optimal Use of Information | 29 |
Rational Expectations of Inflation | 47 |
Copyright | |
3 other sections not shown
Common terms and phrases
a₁ adaptive expectations analysis announcements assets assume assumption autoregressive expectations behavior bond c₁ Chapter coefficients consistent expectations distributed lag Durbin-Watson statistic economic economists effects emphasis added empirical Estimates of Equation exogenous disturbances exogenous processes exogenous variables expectations of inflation expectations theory expected inflation expected rate expected values extrapolative F-statistic forecast formation forecasts of inflation formed rationally future paths hypothesis of rational Ibid implies interest rates investors Irving Fisher lag operator marginal yield curve monetary money growth rates money illusion money supply month Treasury Bill Muth Muth's nominal rate Parameter Estimates past rates past realized polynomials predictions presented price level probability distributions rate of inflation rate of interest rate of return rates of change rational expectations rational forecasting real rate regression rt+n serial correlation sources of information stochastic processes structure of interest term structure three month Treasury Treasury Bill rate twisting the yield types of information zero