The Carlson-Parkin method applied to NZ price expectations using QSBO survey data

被引:21
作者
Balcombe, K
机构
[1] Department of Agricultural Economics, Wye College, University of London, Wye
关键词
expectations; inflation; survey;
D O I
10.1016/0165-1765(95)00799-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
The standard Carlson-Parkin (Economica, 1975, 42, 123-138) method is used to estimate the parameters of producers' prices expectations. Non-nested tests suggest that the Carlson-Parkin method is superior to the use of the simple balance statistic. A non-linear extension of the Carlson-Parkin technique is estimated, and no evidence is found to support the hypothesis that producers' price expectations are drawn from skewed or kurtotic distributions.
引用
收藏
页码:51 / 57
页数:7
相关论文
共 8 条
[1]   THE PSYCHOPHYSICS OF INFLATION [J].
BATCHELOR, RA .
JOURNAL OF ECONOMIC PSYCHOLOGY, 1986, 7 (03) :269-290
[2]   INFLATION EXPECTATIONS [J].
CARLSON, JA ;
PARKIN, M .
ECONOMICA, 1975, 42 (166) :123-138
[3]   SEVERAL TESTS FOR MODEL-SPECIFICATION IN THE PRESENCE OF ALTERNATIVE HYPOTHESES [J].
DAVIDSON, R ;
MACKINNON, JG .
ECONOMETRICA, 1981, 49 (03) :781-793
[4]  
DAVIS GW, 1968, ANN MATH STAT, V39, P1264
[5]   SEASONAL INTEGRATION AND COINTEGRATION [J].
HYLLEBERG, S ;
ENGLE, RF ;
GRANGER, CWJ ;
YOO, BS .
JOURNAL OF ECONOMETRICS, 1990, 44 (1-2) :215-238
[6]   STATISTICAL-INFERENCE IN REGRESSIONS WITH INTEGRATED PROCESSES .1. [J].
PARK, JY ;
PHILLIPS, PCB .
ECONOMETRIC THEORY, 1988, 4 (03) :468-497
[7]  
PESARAN MH, 1991, MICROFIT 3 0
[8]  
ROSEVERE D, 1978, NZ EC PAPERS, V22, P3