The behaviour in expectations and the expectations in behaviour: a fresh look at the results of interest rate expectations surveys (Record no. 104949)

MARC details
000 -LEADER
fixed length control field 01467cam a2200169 4500
001 - CONTROL NUMBER
control field ##L131990
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 051220n2002 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u131990
041 0# - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Leece, David
245 04 - TITLE STATEMENT
Title The behaviour in expectations and the expectations in behaviour: a fresh look at the results of interest rate expectations surveys
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London
Name of publisher, distributor, etc. RICS
Date of publication, distribution, etc. 2002
520 ## - SUMMARY, ETC.
Summary, etc. The paper evaluates the usefulness of behavioural perspectives adopted in finance for understanding the basis on which a significant group of consumers form their expectations of qualitative changes in interest rates. Economists and financial analysts mostly neglect the "same" or "no change" category in consumer surveys, yet as a group it exhibits interesting systematic behaviour. A behaviour based model of the formation of interest rate expectations is developed and tested. The application of non-parametric statistical analysis (Loess) reveals that many consumers make inefficient forecasts of interest rate changes. However, there is a case for adopting complementary rational forecasting and behavioural approaches to understanding expectations formation. There are important implications for real estate finance and housing and mortgage demand, including a possible explanation of perverse mortgage prepayment behaviour.
520 ## - SUMMARY, ETC.
Summary, etc. This item is no longer available.
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element PROPERTY-PROPERTY FINANCE AND INVESTMENT
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     Virtual Virtual Online 20/12/2005   ONLINE PUBLICATION 131990-1001 06/08/2019 1 06/08/2019 Online material