The Bureau for Economic Research's inflation expectations surveys: Know your data

Monique Reid and Pierre Siklos

No 10/2021, Working Papers from Stellenbosch University, Department of Economics

Abstract: Inflation expectations are today keenly monitored by both the private sector and policy makers. Expectations matter, but whose expectations matter and how should this unobservable be measured? Answering these questions involves a number of choices that should be transparent and explicit. In this research note, we focus on these choices with respect to the South African inflation expectations data collected by the Bureau for Economic Research. Being willing to detail the strengths and weaknesses of a particular approach is valuable as it will enable us to choose the appropriate proxy for each application and to interpret the results with insight.

Keywords: Inflation expectations survey; Bureau for Economic Research; inflation targeting; monetary policy; survey methodology (search for similar items in EconPapers)
JEL-codes: C83 E43 E52 E58 E71 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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