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Persistent link: https://www.econbiz.de/10012110052
Measuring and monitoring inflation uncertainty is an essential ingredient of monetary policy analysis. This study … constructs survey measures of inflation uncertainty for the Turkish economy. Using density and point inflation forecasts in the … CBRT Survey of Expectations, we derive various uncertainty measures through standard deviation, entropy, and disagreement …
Persistent link: https://www.econbiz.de/10012036941
We analyze the determinants of average individual inflation uncertainty and disagreement based on data from the … decomposition of inflation uncertainty that disagreement is an incomplete approximation to overall uncertainty. Both measures are …, average individual inflation uncertainty is higher during periods of expansionary monetary policy, whereas disagreement rises …
Persistent link: https://www.econbiz.de/10011688278
We analyze the determinants of average individual in ation uncertainty and disagreement based on data from the European … in ation uncertainty that disagreement is an incomplete approximation to overall uncertainty. Both measures are …, average individual in ation uncertainty is higher during periods of expansionary monetary policy, whereas disagreement rises …
Persistent link: https://www.econbiz.de/10011453118
Persistent link: https://www.econbiz.de/10011663852
indicator for inflation uncertainty. Moreover, the idiosyncratic component of survey disagreement contains systematic …Any measure of unobserved inflation uncertainty relies on specific assumptions which are most likely not fulfilled … that higher inflation is followed by higher uncertainty. By contrast, we obtain contradictory results for the individual …
Persistent link: https://www.econbiz.de/10010312179
Persistent link: https://www.econbiz.de/10010242408
indicator for inflation uncertainty. Moreover, the idiosyncratic component of survey disagreement contains systematic …Any measure of unobserved inflation uncertainty relies on specific assumptions which are most likely not fulfilled … that higher inflation is followed by higher uncertainty. By contrast, we obtain contradictory results for the individual …
Persistent link: https://www.econbiz.de/10009324096
Persistent link: https://www.econbiz.de/10010462019
We propose to treat survey-based density expectations as compositional data when testing either for heterogeneity in density forecasts across different groups of agents or for changes over time. Monte Carlo simulations show that the proposed test has more power relative to both a bootstrap...
Persistent link: https://www.econbiz.de/10013540275