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dc.contributor.author
Maag, Thomas
dc.date.accessioned
2017-08-03T11:19:16Z
dc.date.available
2017-06-09T05:19:35Z
dc.date.available
2017-08-03T11:19:16Z
dc.date.issued
2009-07
dc.identifier.uri
http://hdl.handle.net/20.500.11850/22035
dc.identifier.doi
10.3929/ethz-a-005859391
dc.description.abstract
This paper assesses the probability method for quantifying EU consumer survey data on perceived and expected inflation. Based on micro-data from the Swedish consumer survey that asks for both qualitative and quantitative responses, I find that the theoretical assumptions of the method do not hold. In particular, estimated models of response behavior indicate that qualitative inflation expectations are not ordered. Nevertheless, the probability method generates series that are highly correlated with the mean of actual quantitative beliefs. For quantifying the cross-sectional dispersion of beliefs, however, an index of qualitative variation outperforms the probability method.
en_US
dc.format
application/pdf
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
ECONOMETRICS AND ECONOMETRIC MODELS (OPERATIONS RESEARCH)
en_US
dc.subject
REGION OF THE EUROPEAN UNION
en_US
dc.subject
Belief formation
en_US
dc.subject
ÖKONOMETRIE UND ÖKONOMETRISCHE MODELLE (OPERATIONS RESEARCH)
en_US
dc.subject
Inflation expectations
en_US
dc.subject
REGION DER EUROPÄISCHEN UNION
en_US
dc.subject
Qualitative response data
en_US
dc.subject
INFLATION
en_US
dc.subject
Inflation perceptions
en_US
dc.subject
Quantification
en_US
dc.subject
MARKTFORSCHUNG
en_US
dc.subject
MARKET RESEARCH
en_US
dc.title
On the accuracy of the probability method for quantifying beliefs about inflation
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
KOF Working Papers
ethz.journal.volume
230
en_US
ethz.size
49 p.
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::330 - Economics
en_US
ethz.code.ddc
DDC - DDC::5 - Science::510 - Mathematics
en_US
ethz.identifier.nebis
000524881
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.tag
KOF-key-inflation
ethz.date.deposited
2017-06-09T05:19:40Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59364cf86708038586
ethz.identifier.importid
imp59366ad7c048f98055
ethz.ecolpid
eth:46
ethz.ecitpid
pub:36834
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-15T12:24:40Z
ethz.rosetta.lastUpdated
2023-02-06T14:26:39Z
ethz.rosetta.versionExported
true
ethz.COinS
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