Measuring inflation expectations: how the response scale shapes density forecasts
In density forecasts, respondents are asked to assign probabilities to a response scale with pre-specified ranges of inflation. In two large-scale experiments, one conducted in the US and one in Germany, we show how the specifics of the response scale determine the responses: Shifting, compressing,...
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| Main Authors: | , , |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Heidelberg
Heidelberg University, Department of Economics
05 Mai 2023
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| Series: | AWI discussion paper series
no. 727 (April 2023) |
| In: |
AWI discussion paper series (no. 727 (April 2023))
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| DOI: | 10.11588/heidok.00033232 |
| Subjects: | |
| Online Access: | Verlag, kostenfrei: http://archiv.ub.uni-heidelberg.de/volltextserver/33232/1/Becker_et_al_2023_dp727.pdf Resolving-System, kostenfrei: https://doi.org/10.11588/heidok.00033232 Resolving-System, kostenfrei: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-332324 Langzeitarchivierung Nationalbibliothek, kostenfrei: https://d-nb.info/1288358385/34 Verlag, kostenfrei: http://www.ub.uni-heidelberg.de/archiv/33232 Resolving-System, kostenfrei: https://hdl.handle.net/10419/278455 |
| Author Notes: | Christoph K. Becker, Peter Duersch, Thomas A. Eife |
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Measuring inflation expectations: how the response scale shapes density forecasts
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