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The Behavioral Economics of Inflation Expectations

The Behavioral Economics of Inflation Expectations

Macroeconomics Meets Psychology

Tobias F. Rötheli

Cambridge University Press
Publication date : 2020-08-13

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As one of the first texts to take a behavioral approach to macroeconomic expectations, this book introduces a new way of doing economics. Rötheli uses cognitive psychology in a bottom-up method of modeling macroeconomic expectations. His research is based on laboratory experiments and historical data, which he extends to real-world situations. Pattern extrapolation is shown to be the key to understanding expectations of inflation and income. The quantitative model of expectations is used to analyze the course of inflation and nominal interest rates in a range of countries and historical periods. The model of expected income is applied to the analysis of business cycle phenomena such as the great recession in the United States. Data and spreadsheets are provided for readers to do their own computations of macroeconomic expectations. This book offers new perspectives in many areas of macro and financial economics.

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About the book

Author

Tobias F. Rötheli

Imprint

Cambridge University Press

Collection

n.c

Publication date

2020-08-13

Pages

n.c

Print ISBN

9781108482851

Language

English

Ebook informations

EAN PDF

9781108698030

Price

£33.76

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Print count 0

File size 6738 Ko

Informations accessibility

EAN EPUB

9781108592697

Price

£33.76

Copy count 0

Print count 0

File size 10865 Ko

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About author(s)

Tobias F. Rötheli

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