Survey Evidence on the Muthian Rationality of the Inflation Forecasts of Us Consumers

Modeling the horizon-dependent ex-ante risk premium in the foreign exchange market: Evidence from survey data

“…We choose that the expectation variable is the endogenous variable to avoid a bias resulting from a measurement error on the regressor. 21 For REH tests using survey data, see, among others, Baghestani (1992); Aggarwal et al (1995); Miah et al (2004). For a general approach, see Pesaran (1989).…”

An efficiency wage approach to reconciling the wage curve and the Phillips curve

“…The reason why the present study uses a specification in which Ω depends on the past level of wages is to obtain a clearer comparison between the wage curve and the Phillips curve. 13 Gramlich (1983), de Leeuw andMcKelvey (1984), and Baghestani (1992) show that survey measures of expected inflation are not unbiased predictors of actual inflation. Batchelor and Dua (1989), Roberts (1997aRoberts ( , 1998, Thomas (1999), and Mankiw et al (2003) find that errors in survey inflation forecasts are not orthogonal to information available at the time of the forecast.…”

Current State and Prospects of the Social and Market Research in Russia

“…За прошедшие десятилетия появилось много эмпирических исследований, посвящённых анализу характера ожиданий (рациональные, ограниченно рациональные, адаптивные) (см. : Baghestani 1992;] и др. ), а также проверке и объяснению предсказательной силы прогнозов, основанных на данных потребительских ожиданий.…”