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Expectations and Macroeconomic Stabilization Policies

Expectations and Macroeconomic Stabilization Policies. Adaptive and Rational Expectations. Adaptive Expectations. Adaptive Expectations Expectations depend on past experience only. Expectations are a weighted average of past experiences. Expectations change slowly over time.

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1.23k views • 94 slides

Biking Renaissance

Accurate Caloric Expenditure of Bicyclists using Cellphones Andong Zhan, Marcus Chang, Yin Chen, Andreas Terzis Johns Hopkins University. Biking Renaissance. A biking renaissance has been underway over the past two decades in North America.

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468 views • 35 slides

Heteroscedasticity

Heteroscedasticity. What does it mean? The variance of the error term is not constant What are its consequences ? Heteroscedasticity does not destroy the unbiasedness and consistency properties of OLS estimators The least squares results are no longer efficient: NOT BLUE;

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936 views • 4 slides

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Expectations and Macroeconomic Stabilization Policies

Biking Renaissance

Heteroscedasticity