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
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
Journal title :
Economics Letters
