Consumer inflation views : Micro-level inconsistencies and macro-level measures
Stanisławska, Ewa; Paloviita, Maritta; Łyziak, Tomasz (17.07.2021)
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Volyymi
206Numero
September
2021
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202002181188Tiivistelmä
We assess reliability of aggregate inflation expectations in the European Commission Consumer Survey by identifying individual responses to qualitative and quantitative questions that do not match each other. We provide evidence that micro-level inconsistencies are common in the survey data, but they distort neither the aggregate measures of inflation expectations nor the results of the analysis of expectation formation on the macro-level.
Julkaisuhuomautus
Published in BoF DP 10/2019 "Assessing reliability of aggregated inflation views in the European Commission consumer survey" http://urn.fi/URN:NBN:fi:bof-201907041285