The behavioral economics of inflation expectations: macroeconomics meets psychology (Record no. 2980)

MARC details
000 -LEADER
fixed length control field 02725nam a22002297a 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20220720103500.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 220720b ||||| |||| 00| 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781108447065
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.41019
Item number ROT
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Rotheli, Tobias F.
245 ## - TITLE STATEMENT
Title The behavioral economics of inflation expectations: macroeconomics meets psychology
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher, distributor, etc. Cambridge University Press
Place of publication, distribution, etc. New Jersey
Date of publication, distribution, etc. 2020
300 ## - PHYSICAL DESCRIPTION
Extent xix, 226 p.
365 ## - TRADE PRICE
Price type code GBP
Price amount 27.99
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc. note Table of Contents<br/>1. Patterns and expectations<br/>2. Extrapolation and expectations<br/>3. Eliciting expectations under laboratory conditions<br/>4. Features of the laboratory data<br/>5. Similarity matching and scaling the experimental data<br/>6. Pattern extrapolation and expectations measured by consumer surveys<br/>7. Heterogeneity and uncertainty of inflation expectations<br/>8. Inflation dynamics<br/>9. Explaining the course of interest rates<br/>10. Generalizing the pattern-based approach<br/>11. A detour to income expectations<br/>12. The Fisher effect in historical times<br/>13. Expectations of high inflation<br/>14. The Fisher effect in Asian economies<br/>15. The Fisher effect in African economies<br/>16. Estimates of expected inflation for major economies<br/>17. Estimates of expected real interest rates for major economies<br/>Epilogue.
520 ## - SUMMARY, ETC.
Summary, etc. 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.<br/><br/>Proposes a novel behavioral economics approach to expectations<br/>Findings help clarify macroeconomic debates on various issues in a wide range of countries<br/>This data can be used to interpret events such as the great recession of the USA
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Rational expectations (Economic theory)
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Economics--Psychological aspects
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Extrapolation
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Rational expectations (Economic theory)--Mathematical models
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Book
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Bill No Bill Date Home library Current library Shelving location Date acquired Source of acquisition Cost, normal purchase price Total Checkouts Full call number Accession Number Date last seen Date checked out Copy number Cost, replacement price Price effective from Koha item type
    Dewey Decimal Classification     Public Policy & General Management TB842 30-06-2022 Indian Institute of Management LRC Indian Institute of Management LRC General Stacks 07/20/2022 Technical Bureau India Pvt. Ltd. 1891.87 1 332.41019 ROT 002884 02/14/2023 12/17/2022 1 2877.37 07/20/2022 Book

©2019-2020 Learning Resource Centre, Indian Institute of Management Bodhgaya

Powered by Koha