Evaluating Forecast Performance of Market-based Measures of Inflation Expectations in Europe

Shaily Acharya, Nira Harikrishnan, Thomas Mertens and Tony Zhang

No 2024-07-19-4, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Predictions of future inflation rates shed light on the path of the economy and inform central banks’ policy rate decisions. Two commonly used sources of inflation forecasts are surveys and market-based inflation expectations. Survey-based inflation expectations, such as those from the Survey of Professional Forecasters, are derived by eliciting responses from a group of respondents about their beliefs.

Date: 2024-07-19
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-07-19-4

DOI: 10.17016/2380-7172.3550

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