Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244569 
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 11/2020
Publisher: 
Örebro University School of Business, Örebro
Abstract: 
In this paper, we evaluate households' directional forecasts of inflation and the unemployment rate in Sweden. The analysis is conducted using monthly forecasts from the National Institute of Economic Research's Economic Tendency Survey that range from January 1996 until August 2019. Results indicate that households have statistically significant ability to forecast where the unem-ployment is headed, but they fail in predicting the direction of future inflation.
Subjects: 
Survey data
Directional forecasts
Inflation
Unemployment
JEL: 
E37
Document Type: 
Working Paper

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