Assessing Market Expectations on Exchange Rates and Inflation: A Pilot Forecasting System for Bulgaria
dc.contributor.author | Berlemann, Michael | en_US |
dc.contributor.author | Dimitrova, Kalina | en_US |
dc.contributor.author | Nenovsky, Nikolay | en_US |
dc.date.accessioned | 2006-08-01T16:14:32Z | |
dc.date.available | 2006-08-01T16:14:32Z | |
dc.date.issued | 2000-03-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2005-759 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/40145 | en_US |
dc.description.abstract | Econometric forecasting models typically perform bad in volatile environments as they are often present in economies in transition. Since forecasts of key macroeconomic variable are inevitable as guidelines for economic policy, one might alternatively make attempts at measuring market participants’ expectations or conduct surveys. However, often financial markets are underdeveloped and regular surveys are unavailable in transition countries. In this paper we propose to conduct experimental stock markets to reveal market participants’ expectations. W? present the results fr?m a series of pilot markets conducted in Bulgaria throughout 2002 indicating that the method could be useful especially for transition countries. | en_US |
dc.format.extent | 59702 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 188411 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 759 | en_US |
dc.subject | Forecasting, Macroeconomics, Inflation, Exchange Rates, Experimental Stock Markets | en_US |
dc.subject.other | C93, E37 | en_US |
dc.title | Assessing Market Expectations on Exchange Rates and Inflation: A Pilot Forecasting System for Bulgaria | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/40145/3/wp759.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.