Title of article
Are US output expectations unbiased? A cointegrated VAR analysis in real time
Author/Authors
Dimitrios Papaikonomou، نويسنده , , Jacinta Pires، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
7
From page
440
To page
446
Abstract
Real-time output and direct measures of expectations at different time horizons are analysed within a cointegrated VAR. We find expectations to be unbiased in the long run, with stationary expectational errors that are eliminated in a manner consistent with rationality
Keywords
Expectations , Survey data , Real-time data , Long run structural VAR , Bootstrap methods
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
436032
Link To Document