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Price Expectations in Goods and Financial Markets : New Developments in Theory and Empirical Research : Elgar Monographs - Francois Gardes

Price Expectations in Goods and Financial Markets : New Developments in Theory and Empirical Research

Elgar Monographs

By: Francois Gardes (Editor), Georges Prat (Editor)

Hardcover ISBN: 9781840643220
Number Of Pages: 320

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Analyzing price expectations is a difficult task since prices themselves are highly volatile in most markets and expectational behaviours are heterogeneous and unstable. Formulating ideas about price movements can result in instability in the market for goods and financial services. In order to appreciate the degree of generality of expectational behaviour, the contributors analyze price expectations in a variety of markets, periods and countries. Great attention is paid to financial markets which have represented the main field of analysis of expectations over the last ten years. This book analyzes recent developments in price expectations, combining theoretical developments with empirical research to explore the links between the two approaches.

List of figuresp. vii
List of tablesp. viii
List of contributorsp. x
Acknowledgementsp. xiii
Forewordp. xv
General introductionp. 1
Rationality, Heterogeneity and Formation of Expectations: Concepts and Theoretical Analyses
From self-fulfilling to self-correcting expectationsp. 21
About the origins of the player's expectations in game theoryp. 34
Common knowledge and the information revealed through prices: some conjecturesp. 52
Private information, public information, expectations and prices in financial marketsp. 63
Imitative expectations and informational paradoxp. 80
Rare events and stock price expectationsp. 98
Rationality, Heterogeneity and Formation of Expectations: Lessons from Survey Data
Rationality of price and unemployment expectations: tests on French qualitative microdatap. 131
Variance rationality: evidence from inflation expectationsp. 156
Expectations formation and risk in three financial markets: surveying what surveys sayp. 172
The inconsistency of the exchange rate forecast term structurep. 213
The evidence of a mixed expectation generating process in the foreign exchange marketp. 251
Modelling stock price expectations: lessons from microdatap. 271
Indexp. 295
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9781840643220
ISBN-10: 1840643226
Series: Elgar Monographs
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 320
Publisher: Edward Elgar Publishing Ltd
Country of Publication: GB
Dimensions (cm): 23.5 x 15.88  x 1.91
Weight (kg): 0.61

Earn 559 Qantas Points
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