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dc.contributor.authorClaveria, Oscar
dc.contributor.authorMonte Moreno, Enrique
dc.contributor.authorTorra Porras, Salvador
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament de Teoria del Senyal i Comunicacions
dc.date.accessioned2017-02-15T14:06:00Z
dc.date.available2018-02-24T01:30:15Z
dc.date.issued2016-12-16
dc.identifier.citationClaveria, O., Monte, E., Torra Porras, S. Assessment of the effect of the financial crisis on agents’ expectations through symbolic regression. "Applied economics letters", 16 Desembre 2016, vol. 24, núm. 9, p. 648-652.
dc.identifier.issn1350-4851
dc.identifier.urihttp://hdl.handle.net/2117/101084
dc.description.abstractAgents’ perceptions on the state of the economy can be affected during economic crises. Tendency surveys are the main source of agents’ expectations. The main objective of this study is to assess the impact of the 2008 financial crisis on agents’ expectations. With this aim, we evaluate the capacity of survey-based expectations to anticipate economic growth in the United States, Japan, Germany and the United Kingdom. We propose a symbolic regression (SR) via genetic programming approach to derive mathematical functional forms that link survey-based expectations to GDP growth. By combining the main SR-generated indicators, we generate estimates of the evolution of GDP. Finally, we analyse the effect of the crisis on the formation of expectations, and we find an improvement in the capacity of agents’ expectations to anticipate economic growth after the crisis in all countries except Germany.
dc.format.extent5 p.
dc.language.isoeng
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subjectÀrees temàtiques de la UPC::Economia i organització d'empreses::Macroeconomia::Finances
dc.subject.lcshFinancial crisis
dc.subject.lcshEconomic forecasting
dc.subject.lcshGenetic algorithms
dc.subject.otherSymbolic regression
dc.subject.otherEvolutionary algorithms
dc.subject.otherGenetic programming
dc.subject.otherTendency surveys
dc.subject.otherExpectations
dc.subject.otherForecasting
dc.titleAssessment of the effect of the financial crisis on agents’ expectations through symbolic regression
dc.typeArticle
dc.subject.lemacCrisis financeres
dc.subject.lemacPrevisió econòmica
dc.subject.lemacAlgorismes genètics
dc.contributor.groupUniversitat Politècnica de Catalunya. VEU - Grup de Tractament de la Parla
dc.identifier.doi10.1080/13504851.2016.1218419
dc.description.peerreviewedPeer Reviewed
dc.relation.publisherversionhttp://www.tandfonline.com/loi/rael20
dc.rights.accessOpen Access
local.identifier.drac19701331
dc.description.versionPostprint (author's final draft)
local.citation.authorClaveria, O.; Monte, E.; Torra Porras, S.
local.citation.publicationNameApplied economics letters
local.citation.volume24
local.citation.number9
local.citation.startingPage648
local.citation.endingPage652


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