Observed expectations, news shocks, and the business cycle

Fabio Milani and Ashish Rajbhandari ()

Research in Economics, 2020, vol. 74, issue 2, 95-118

Abstract: This paper exploits information from the term structure of survey expectations to identify news shocks in a DSGE model with rational expectations.

Keywords: News shocks; Estimation of DSGE model with survey expectations; News in business cycles; Identification in DSGE models; Rational expectations (search for similar items in EconPapers)
JEL-codes: E32 E50 E71 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (10)

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Related works:
Working Paper: Observed Expectations, News Shocks, and the Business Cycle (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:74:y:2020:i:2:p:95-118

DOI: 10.1016/j.rie.2020.02.003

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