Handbook of Economic Expectations
- 1st Edition - November 8, 2022
- Latest edition
- Editors: Ruediger Bachmann, Giorgio Topa, Wilbert van der Klaauw
- Language: English
- Paperback ISBN:9 7 8 - 0 - 1 2 - 8 2 2 9 2 7 - 9
- eBook ISBN:9 7 8 - 0 - 1 2 - 8 2 3 4 7 6 - 1
Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations format… Read more
Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations formation and updating, as well as open questions and directions for future research. The book spans a broad range of fields, approaches and applications using data on subjective expectations that allows us to make progress on fundamental questions around the formation and updating of expectations by economic agents and their information sets. The information included will help us study heterogeneity and potential biases in expectations and analyze impacts on behavior and decision-making under uncertainty.
- Combines information about the creation of economic expectations and their theories, applications and likely futures
- Provides a comprehensive summary of economics expectations literature
- Explores empirical and theoretical dimensions of expectations and their relevance to a wide array of subfields in economics
Upper-division undergraduates, graduate students, and researchers worldwide working in all fields of economics, including data collection, experimental economics, and applications of economic models
I. Expectations Elicitation
1. Household surveys and probabilistic questions
2. Firm surveys
3. Surveys of professionals
4. Expectations in lab experiments
5. Field experiments in surveys
6. Market data
II. Expectations as Data
7. Inflation expectations
8. Housing market expectations
9. Expectations in education
10. Expectations in development
11. Expectations of older households (retirement, demographics)
12. Expectations of financial market participants
13. Expectations of firms about macroeconomic variables
14. Expectations of firms about their own variables
III. Expectations Data and Theory
15. Expectations data, term structure and monetary policy
16. Expectations data and DSGE models
17. Expectations data in structural micro models
18. Expectations data and asset pricing
19. Expectations data, labor market and job search
IV. Theory of Expectations
20. Sentiment and confidence in macro models
21. Expectations in incomplete market models
22. Heterogeneous beliefs
23. Ambiguity and Uncertainty
24. Learning
V. Open Issues
26. The Epidemiology of Expectations and the Media
27. Neuroeconomics and Expectations
28. Health Expectations
1. Household surveys and probabilistic questions
2. Firm surveys
3. Surveys of professionals
4. Expectations in lab experiments
5. Field experiments in surveys
6. Market data
II. Expectations as Data
7. Inflation expectations
8. Housing market expectations
9. Expectations in education
10. Expectations in development
11. Expectations of older households (retirement, demographics)
12. Expectations of financial market participants
13. Expectations of firms about macroeconomic variables
14. Expectations of firms about their own variables
III. Expectations Data and Theory
15. Expectations data, term structure and monetary policy
16. Expectations data and DSGE models
17. Expectations data in structural micro models
18. Expectations data and asset pricing
19. Expectations data, labor market and job search
IV. Theory of Expectations
20. Sentiment and confidence in macro models
21. Expectations in incomplete market models
22. Heterogeneous beliefs
23. Ambiguity and Uncertainty
24. Learning
V. Open Issues
26. The Epidemiology of Expectations and the Media
27. Neuroeconomics and Expectations
28. Health Expectations
- Edition: 1
- Latest edition
- Published: November 8, 2022
- Language: English
RB
Ruediger Bachmann
Rüdiger Bachmann is currently a Stepan Family Associate Professor (with tenure) of economics at the department of economics at the University of Notre Dame. At Notre Dame he is also a fellow of the Nanovic Institute for European Studies. He is a research affiliate with the Centre for Economic Policy Research (CEPR), a CESifo research network fellow and an external research professor at the ifo institute in Munich. Before joining the University of Notre Dame Bachmann was a full professor (W3) of behavioral economics and finance jointly at Goethe University and the Center of Excellence “Sustainable Architecture for Finance in Europe” (SAFE) in Frankfurt; the holder of the chair of economics, especially Macroeconomics (W3), at RWTH Aachen University; an assistant professor of economics at the University of Michigan; and a visiting (assistant) professor at the University of Pennsylvania, the University of Michigan, Harvard University and Boston University. Bachmann received undergraduate degrees in Economics and Philosophy from Mainz University, and a Ph.D. from Yale University in 2007. Bachmann also serves as an associate editor for the "Journal of Economic Dynamics and Control" and is a member of the macroeconomics committee of the German Economic Association.
Affiliations and expertise
University of Notre Dame, Notre Dame, IN, USAGT
Giorgio Topa
Giorgio Topa is a Vice President in the Microeconomic Studies Function at the Federal Reserve Bank of New York. His primary research interests include applied microeconomics, labor economics and applied econometrics. He has been studying models of networks and social interactions, and associated econometric tools; mismatch in the labor market; job search behavior; consumer expectations and the elicitation of expectations in surveys. Prior to joining the New York Fed, Mr. Topa was an assistant professor at New York University. He holds a B.A. from Universita' di Venezia, Italy and a Ph.D. from the University of Chicago.
Affiliations and expertise
Federal Reserve Bank of New York, New York, NY, USAWv
Wilbert van der Klaauw
Wilbert Van Der Klaauw is a Senior Vice President in the Microeconomic Studies Function and Director of the Center for Microeconomic Data at the Federal Reserve Bank of New York. He is a labor economist and applied econometrician whose research interests include the study of life cycle labor supply, household financial behavior and expectations, educational investment and productivity, and econometric approaches to program evaluation. He is co-editor of Labour Economics. Prior to joining the New York Fed, Dr. van der Klaauw was a Professor at UNC-Chapel Hill and Assistant Professor at New York University. He holds a Ph.D. from Brown University.
Affiliations and expertise
Federal Reserve Bank of New York, New York, NY, USARead Handbook of Economic Expectations on ScienceDirect