Dissertation Information for Thomas ZuehlkeNAME:
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SCHOOL: ADVISORS: COMMITTEE MEMBERS: MPACT Status: Incomplete - Inspected Title: ECONOMETRIC MODELING OF THE SURVEY RESEARCH CENTER PRICE EXPECTATIONS DATA
Abstract: "This study considers econometric modeling of the Survey Research Center (SRC) price expectations data. There are two major difficulties in modeling the SRC data. First, there are two types of censoring. All predictions of deflation and some predictions of inflation are censored. The two-stage estimation methods used previously with these data are inconsistent because the partial censoring of the inflation predictions has been ignored, leading to inconsistent first-stage estimates. Maximum-likelihood estimation methods that account for both types of censoring are presented. Second, the data appear to have been generated by a discontinuous distribution. The difference limen, a minimum perceivable inflation rate, has been used in previous work to construct such a distribution. However, the problems in perception are restricted to the neighborhood of zero inflation, and the resulting estimates of the difference limen are inconsistent with observed predictions. |
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Students under Thomas Zuehlke
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COMMITTEESHIPS:
- Husain Ahmed Ebrahim Al-Ansari - Florida State University (1992)