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Palgrave Macmillan
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Macroeconomic Survey Expectations

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  • © 2019

Overview

Authors:
  1. Michael P. Clements

    1. ICMA Centre, Henley Business School, University of Reading, UK

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  • 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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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xvi
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  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. Assessing the Accuracy of the Probability Distributions

    • Michael P. Clements
    Pages 65-96

  7. Consistency of the Point Forecasts and Probability Distributions

    • Michael P. Clements
    Pages 97-122

  8. Macroeconomic Uncertainty: Surveys Versus Models?

    • Michael P. Clements
    Pages 123-143

  9. Behavioural Models of Expectations Formation

    • Michael P. Clements
    Pages 145-172

  10. Expectations Shocks and the Macroeconomy

    • Michael P. Clements
    Pages 173-186

  11. Postscript

    • Michael P. Clements
    Pages 187-189

  12. Back Matter

    Pages 191-196
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Keywords

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.

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. 



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