Series: IMF Working Papers
Author(s): Olivier Coibion , and Yuriy Gorodnichenko
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 December 2012
Keywords: Numbers, Information Rigidity, Survey Forecasts, inflation, rational expectations, monetary policy, inflation forecasts, monetary economics, Survey Forecasts., General,
We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the arise from information rigidities. This approach quantifies the economic signifi...