A Structural Analysis of Expectation Formation Based on Business Surveys of French Manufacturing Industry
Using panel data of individual firms drawn from French surveys, a structural analysis is developed to study the formation of production plans and the rationality of expectations. The production decision of a firm is defined as the optimal solution of a dynamic stochastic optimization problem. The em...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
1991, 1991
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| Edition: | 1st ed. 1991 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- One Forecasting Production Behavior in the Short-Run
- 1: The Production Smoothing Model
- 2: The Econometric Specification Using Survey Data
- 3: The General Latent Variable Model with Discrete Data
- 4: The Empirical Analysis and Forecasting
- Two Survey Evidence on the Rationality of Expectations
- 5: On Testing the RE Hypothesis: A Survey
- 6: Surprise Variables and Expectational Errors
- 7: Direct Tests of the Rational Expectation Hypothesis
- Conclusion
- References