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The Quantification of Survey Data on Expectations∗

Published online by Cambridge University Press:  26 March 2020

Simon Wren-Lewis
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Extract

In many industrial countries regular surveys are published in which either firms or consumers are asked whether they expect some economic variable, like prices for example, to rise or fail. This survey information has been used for many years as an aid to short-term forecasting. Recently there has been a renewed interest in using this data for a rather different purpose: as a measure of firms or consumers' average expectations.

Type
Articles
Information
National Institute Economic Review , Volume 113 , August 1985 , pp. 39 - 49
Copyright
Copyright © 1985 National Institute of Economic and Social Research

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Footnotes

∗

The author would like to acknowledge the invaluable research assistance of Martin Wall and Guy Warner, and financial support from the EC Commission and HM Treasury. Comments from Roy Batchelor, Penelope Rowlatt, Chris Mellis, members of the CBI staff and an anonymous referee were also extremely useful, but I alone remain responsible for any errors.

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