Testing for measurement errors in expectations from survey data. An instrumental variables approach

Robert W. Rich; Jennie E. Raymond; J. S. Butler

doi:10.1016/0165-1765(93)90125-V

Testing for measurement errors in expectations from survey data. An instrumental variables approach

Robert W. Rich, Jennie E. Raymond, J. S. Butler

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2 Scopus citations

Abstract

This paper examines the issue of measurement errors in expectations from survey data in the testing of models of expectations formation. We demonstrate that tests for measurement errors can be conducted through a generalized method of moments specification test and apply our estimation strategy to the SRC expected inflation series.

Original language	English
Pages (from-to)	5-10
Number of pages	6
Journal	Economics Letters
Volume	43
Issue number	1
DOIs	https://doi.org/10.1016/0165-1765(93)90125-V
State	Published - 1993

ASJC Scopus subject areas

Finance
Economics and Econometrics

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title = "Testing for measurement errors in expectations from survey data. An instrumental variables approach",

abstract = "This paper examines the issue of measurement errors in expectations from survey data in the testing of models of expectations formation. We demonstrate that tests for measurement errors can be conducted through a generalized method of moments specification test and apply our estimation strategy to the SRC expected inflation series.",

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AU - Raymond, Jennie E.

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Testing for measurement errors in expectations from survey data. An instrumental variables approach

Abstract

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