How (i)rrational are we? A case of Croatian inflation

How (i)rrational are we? A case of Croatian inflation

This paper examines the validity of the rational expectations hypothesis (REH) in the case of Croatian consumers and their inflation estimates. The added value of this paper in comparison to previous similar studies lies in the state space methodology, allowing the authors to test for potential time...

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Bibliographic Details
Main Authors: Nataša Erjavec, Ivana Lolić, Petar Sorić
Format: Article
Language:English
Published: Croatian Operational Research Society 2015-03-01
Series:Croatian Operational Research Review
Subjects:
inflation expectations
rational expectations hypothesis
state space model
consumer surveys
time-varying parameters
Online Access:http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=204327

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http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=204327

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