Publication

Feb 2009

This paper estimates a simple univariate model of expectation or opinion formation in continuous time adapting a "canonical" stochastic model of collective opinion dynamics. This framework is applied to a selected data set on survey-based expectations from the rich EU business and consumer survey database for 12 European countries.

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Author Jaba Ghonghadze, Thomas Lux
Series Kiel Institute Working Papers
Issue 1487
Publisher Kiel Institute for the World Economy
Copyright © 2009 Kiel Institute for the World Economy
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