Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/212304
Authors: 
Oinonen, Sami
Paloviita, Maritta
Year of Publication: 
2014
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 29/2014
Abstract: 
This paper examines aggregated inflation expectations based on the ECB Survey of Professional Forecasters (ECB SPF). We analyse possible impacts of changing panel composition on short and long term point forecasts and forecast uncertainties using approach, which is based on a set of sub-panels of fixed composition. Our results indicate that the unbalanced panel data do not cause systematic distortions to aggregated survey information. However, micro level analysis of expectations would also be useful, especially in times of wide disagreement across forecasters and high levels of inflation uncertainty.
Subjects: 
survey data
expectations
changing panel composition
JEL: 
C53
E37
E31
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-008-8
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.