The Quantification of Survey Data on Expectations∗

Simon Wren-Lewis

National Institute Economic Review, 1985, vol. 113, 39-49

Abstract: 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.

Date: 1985
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