This paper focuses on survey expectations and discusses their uses for testing and
modelling of expectations. Alternative models of expectations formation are reviewed and …

Data obtained from business and consumer surveys are often used in forecasting models
and in testing different expectation formation schemes. Their use, however, requires a …

Measures of expected inflation from consumer surveys are derived using a modification of
the Carlson-Parkin probability approach, which does not assume unbiasedness of …

The paper critically reviews the literature on the econometric issues raised by the use of
generated regressors (GR) in empirical models. The economic rationale for the use of GR is …

Central to the conduct of monetary policy are inflation forecasts. Inflation forecasts are not
unique. Central banks and professional organizations generate inflation forecasts while …

This chapter revisits survey evidence about firm expectations, with a particular focus on
firms' production and prices. We aim at synthesizing the evidence established on the basis …

We assess how well measures of disagreement in qualitative survey expectations reflect
disagreement in corresponding quantitative expectations. We consider a variety of …

We estimate the effect of external financial constraints on fixed investment intentions for UK
manufacturing by size of firm distinguishing between normal effects and those since the …

In the three decades since statistical procedures were first developed to test non-nested (or
separate) families of hypotheses, a burgeoning literature has developed for testing a null …

In this study a new approach to quantify qualitative survey data about the direction of change
is presented. We propose a data-driven procedure based on evolutionary computation that …