Measuring inflation expectations: how the response scale shapes density forecasts

In density forecasts, respondents are asked to assign probabilities to pre-specifted ranges of inflation. We show in two large-scale experiments that responses vary when we modify the response scale. Asking an identical question with modifted response scales induces different answers: Shifting, comp...

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Bibliographic Details
Main Authors: Becker, Christoph (Author) , Dürsch, Peter (Author) , Eife, Thomas A. (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Heidelberg Heidelberg University, Department of Economics 13 Jan. 2023
Series:AWI discussion paper series no. 723 (January 2023)
In: AWI discussion paper series (no. 723 (January 2023))

DOI:10.11588/heidok.00032677
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Online Access:Verlag, kostenfrei: http://archiv.ub.uni-heidelberg.de/volltextserver/32677/1/Becker_Duersch_Eife_2023_dp723.pdf
Resolving-System, kostenfrei: https://doi.org/10.11588/heidok.00032677
Resolving-System, kostenfrei: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-326775
Langzeitarchivierung Nationalbibliothek, kostenfrei: https://d-nb.info/1278155716/34
Verlag, kostenfrei: http://www.ub.uni-heidelberg.de/archiv/32677
Resolving-System, kostenfrei: https://hdl.handle.net/10419/278301
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Author Notes:Christoph Becker, Peter Duersch, Thomas Eife