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150128 ||| eng |
| 020 |
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|a 9781475519242
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| 100 |
1 |
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|a Coibion, Olivier
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| 245 |
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0 |
|a Information Rigidity and the Expectations Formation Process
|b A Simple Framework and New Facts
|c Olivier Coibion, Yuriy Gorodnichenko
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2012
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| 300 |
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|a 55 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Inflation
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| 653 |
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|a Energy: Demand and Supply
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| 653 |
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|a Rational expectations
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| 653 |
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|a Oil prices
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| 653 |
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|a Economic Theory
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| 653 |
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|a Economic Forecasting
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| 653 |
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|a Deflation
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| 653 |
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|a Expectations
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| 653 |
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|a Production
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| 653 |
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|a Industries: General
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| 653 |
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|a Economic theory & philosophy
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| 653 |
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|a Economic forecasting
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| 653 |
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|a Forecasting
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Price Level
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| 653 |
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|a Forecasting and Other Model Applications
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Industrial production
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| 653 |
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|a Economic theory
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| 653 |
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|a Speculations
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| 653 |
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|a Industries
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| 700 |
1 |
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|a Gorodnichenko, Yuriy
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781475519242.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2012/296/001.2012.issue-296-en.xml?cid=40178-com-dsp-marc
|x Verlag
|3 Volltext
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0 |
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|a 330
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| 520 |
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|a We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the arise from information rigidities. This approach quantifies the economic significance of departures from the and the underlying degree of information rigidity. Applying this approach to U.S. and international data of professional forecasters and other agents yields pervasive evidence consistent with the presence of information rigidities. These results therefore provide a set of stylized facts which can be used to calibrate imperfect information models. Finally, we document evidence of state-dependence in the expectations formation process
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