Granger-Kausalität und rationale Erwartungen

Autor:	Gebhard Kirchgässner
Rok vydání:	1987
Předmět:	Macroeconomics Economics and Econometrics Rational expectations Economic situation Arts and Humanities (miscellaneous) Granger causality media_common.quotation_subject Economics Popularity Interest rate media_common
Zdroj:	Kyklos. 40:21-42
ISSN:	0023-5962
DOI:	10.1111/j.1467-6435.1987.tb02397.x
Popis:	The concepts of rational expectations and Granger causality are described, showing that the Granger causality uses such expectations. Using models of T. J. Sargent and W. H. Buiter it is shown which conclusions about rational expectations and /or policy ineffectiveness can be drawn from the results of Granger causality tests, especially with respect to instantaneous Granger causality. The author concludes with three examples: the relation between money and income; the international interest rate linkage; and the relation between the perception of the general economic situation by voters and the popularity of the major German parties. Copyright 1987 by WWZ and Helbing & Lichtenhahn Verlag AG
Databáze:	OpenAIRE
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