- Autor
- Bystrov Victor (University of Lodz, Poland), Staszewska-Bystrova Anna (University of Lodz, Poland)
- Tytuł
- On the Power of Direct Tests for Rational Expectations Against the Alternative of Constant Gain Learning
- Źródło
- Bank i Kredyt, 2010, nr 6, s. 71-83, aneks, bibliogr. 25 poz.
- Słowa kluczowe
- Analiza makroekonomiczna, Teoria racjonalnych oczekiwań, Metoda Monte Carlo
Macroeconomic analysis, Rational expectations theory, Monte Carlo method - Uwagi
- summ.
- Abstrakt
- In this paper we study the power of direct tests for rational expectations against the constant gain learning alternative. The investigation is by means of a Monte Carlo study. The tests considered use quantitative expectations data and qualitative survey data that has been quantified. The main finding is that the power of tests for rational expectations against constant gain learning may be very small, making it impossible to distinguish the hypotheses. (original abstract)
- Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu - Pełny tekst
- Pokaż
- Bibliografia
-
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- Cytowane przez
- ISSN
- 0137-5520
- Język
- eng
