In this paper, we evaluate survey-based wage-growth expectations in Sweden. Results show that the expectations are neither unbiased nor efficient forecasts. Evaluating out-of-sample forecasting performance, we find that the survey participants generally perform worse than a con-stant forecast...

We evaluate survey-based wage-growth expectations and find that they are neither unbiased nor efficient forecasts. Concerning out-of-sample forecast precision, survey participants generally perform worse than a constant forecast. Caution should accordingly be exercised when relying on these data...

This paper assesses the properties of survey-based inflation expectations in Sweden. The survey is conducted by Prospera once every quarter and consists of respondents from businesses and labour-market organisa-tions. The paper shows that inflation expectations measured in this sur-vey tend to...