How (i)rrational are we? A case of Croatian inflation
نویسندگان
چکیده
منابع مشابه
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 variability of the estimated relationship between actual and expected inflation. The obtained re...
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ژورنال
عنوان ژورنال: Croatian Operational Research Review
سال: 2015
ISSN: 1848-0225,1848-9931
DOI: 10.17535/crorr.2015.0019