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  • Book
  • © 2019

Macroeconomic Survey Expectations

Palgrave Macmillan
  • Provides a long overdue treatment of survey expectations, which are not covered in works on time-series econometrics and forecasting

  • Considers the particular challenges to, and potential rewards from, studying survey expectations

  • Outlines the nature of survey data

  • Explains why we should be interested in survey expectations

Part of the book series: Palgrave Texts in Econometrics (PTEC)

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  • ISBN: 978-3-319-97223-7
  • Instant PDF download
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  • Own it forever
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  • Tax calculation will be finalised during checkout
Hardcover Book USD 109.99
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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xvi
  2. Introduction

    • Michael P. Clements
    Pages 1-6
  3. The Nature of Survey Expectations

    • Michael P. Clements
    Pages 7-23
  4. Working with the Forecast Data

    • Michael P. Clements
    Pages 25-35
  5. Assessing the Point Predictions

    • Michael P. Clements
    Pages 37-63
  6. Macroeconomic Uncertainty: Surveys Versus Models?

    • Michael P. Clements
    Pages 123-143
  7. Behavioural Models of Expectations Formation

    • Michael P. Clements
    Pages 145-172
  8. Expectations Shocks and the Macroeconomy

    • Michael P. Clements
    Pages 173-186
  9. Postscript

    • Michael P. Clements
    Pages 187-189
  10. Back Matter

    Pages 191-196

About this book

Why should we be interested in macroeconomic survey expectations? This important book offers an in-depth treatment of this question from a point of view not covered in existing works on time-series econometrics and forecasting. Clements presents the nature of survey data, addresses some of the difficulties posed by the way in which survey expectations are elicited and considers the evaluation of point predictions and probability distributions. He outlines how, from a behavioural perspective, surveys offer insight into how economic agents form their expectations.

Michael Clements is Professor of Econometrics at the ICMA Centre, Henley Business School, University of Reading, UK. He is Series Editor of Palgrave Texts in Econometrics and Palgrave Advanced Texts in Econometrics, and has published extensively on time series econometrics, modelling and forecasting. 


Keywords

  • Time series econometrics
  • Economic forecasting
  • Macroeconomic survey expectations
  • Macroeconometrics
  • Expectations shocks
  • Macroeconomic uncertainty
  • Point Forecasts
  • Probability Distributions
  • Density evaluation
  • Forecast data
  • Behavioural Models of Expectations Formation

Authors and Affiliations

  • ICMA Centre, Henley Business School, University of Reading, UK

    Michael P. Clements

About the author

Michael Clements is Professor of Econometrics at the ICMA Centre, Henley Business School, University of Reading, UK. He is Series Editor of Palgrave Texts in Econometrics and Palgrave Advanced Texts in Econometrics, and has published extensively on time series econometrics, modelling and forecasting. 

Bibliographic Information

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • ISBN: 978-3-319-97223-7
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book USD 109.99
Price excludes VAT (USA)