The Preparation of Monetary Policy 2001
DOI: 10.1007/978-1-4757-3405-8_5
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Measuring Inflation Expectations: A Survey Data Approach

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Cited by 57 publications
(92 citation statements)
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“…The LS estimator is also based on on the regression y t = δz t + u t but uses z t as instrument. The asymmetric LS estimator (ALS) of Berk (1999) is based on the LS regression (6), and the PRA denotes the regression approach of Pesaran (1985). Notes: This table shows regressions results of (nonparametrically) estimated threshold parameters ( δ + t , δ − t ) on various determinants.…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…The LS estimator is also based on on the regression y t = δz t + u t but uses z t as instrument. The asymmetric LS estimator (ALS) of Berk (1999) is based on the LS regression (6), and the PRA denotes the regression approach of Pesaran (1985). Notes: This table shows regressions results of (nonparametrically) estimated threshold parameters ( δ + t , δ − t ) on various determinants.…”
Section: Discussionmentioning
confidence: 99%
“…Orr, 1988, Dasgupta andLahiri, 1992), deviations from the normal distribution and asymmetries (e.g. Berk, 1999, Maag, 2010, and conclude that quantified qualitative survey expectations do not necessarily forecast the target variable better than simple time-series models (e.g. Claveria et al, 2007, Nolte and Pohlmeier, 2007, Breitung 2008, or directly suggested improvements and extensions of the CP approach to alleviate other problems of the method (e.g.…”
Section: Related Literaturementioning
confidence: 99%
“…Svensson (1997) and Berk (1999) examined the measurement of expected inflation, while Pesaran, Pierse and Lee (1993), Rahiala and Teräsvirta (1993), Smith and McAleer (1995), Kauppi, Lassila and Teräsvirta (1996), Öller (1990) and Hanssens and Vanden Abeele (1987) focused on production growth, and Batchelor (1982) considered employment. Authors such as Batchelor (1982), Smith and McAleer (1995) and Alfarano and Milakovic (2010) have explored the use of data from opinion polls as indicators of business behaviour to test different models for the formation of expectations or interactions among agents.…”
Section: Indicators Of Expectationsmentioning
confidence: 99%
“…Those who have engaged with the subject, chiefly for the purpose of identifying and predicting changes in cyclical fluctuations, include Svensson (1997), Berk (1999), Pesaran, Pierse and Lee (1993), Rahiala and Teräsvirta (1993), Smith and McAleer (1995), Kauppi, Lassila and Teräsvirta (1996), Öller (1990), Hanssens and Vanden Abeele (1987) and Alfarano and Milakovic (2010).…”
mentioning
confidence: 99%
“…The quantification depends on the chosen form of the aggregate distribution function. For the calculation we use a standard normal distribution following a number of examples in the literature on transforming qualitative survey data (see Mitchell 2002or Berk 1999. From the survey results we obtain the expected change of inflation for the following six months,…”
Section: Inflation Expectations Of Expertsmentioning
confidence: 99%