Análisis descriptivo de la Encuesta de Expectativas de Inflación de las Firmas

Rodrigo Marrero () and Miguel Mello ()
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Rodrigo Marrero: Banco Central del Uruguay
Miguel Mello: Banco Central del Uruguay

No 2023002, Documentos de trabajo from Banco Central del Uruguay

Abstract: The study focuses on who typically responds to the Business Expectations Survey (BES), what sources of information are used to form inflation expectations, and how useful the information derived from the BES is for firms. It also investigates what firms attribute to the expectations exceeding the monetary policy objective. The results indicate that there are differences in the level of inflation expectations depending on who responds to the survey, but not in the accuracy of the forecasts. Firms whose representatives respond to the survey are informed from a greater number of information sources, especially through official sources. Additionally, there is a significant group of firms that do not use the survey information.

Keywords: Expectations; pricing; monetary policy; survey (search for similar items in EconPapers)
JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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