Inflation, real economic growth and unemployment expectations: An empirical analysis based on the ECB Survey of Professional Forecasters

Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF).

Detalles Bibliográficos
Autores: Ramos Herrera, María del Carmen, Sosvilla Rivero, Simón Javier
Tipo de recurso: informe técnico
Fecha de publicación:2017
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/22966
Acceso en línea:https://hdl.handle.net/20.500.14352/22966
Access Level:acceso abierto
Palabra clave:F31
E31
D84
Inflation
Real economic growth
Unemployment
Expectations
Euro area
Economía internacional
Finanzas
Macroeconomía
5310 Economía Internacional
5307.14 Teoría Macroeconómica
Descripción
Sumario:Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF).