Showing 1 - 10 of 19
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...
Persistent link: https://www.econbiz.de/10008563377
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...
Persistent link: https://www.econbiz.de/10011041691
Persistent link: https://www.econbiz.de/10010994430
In this paper, we evaluate two types of Swedish policy interest-rate ex-pectations: survey expectations and expectations inferred from market pricing. The data are drawn from the most prominent survey of finan-cial-market economists and from Swedish financial markets and the data are carefully...
Persistent link: https://www.econbiz.de/10010818945
Persistent link: https://www.econbiz.de/10009624475
In this paper, we analyse how financial market analysts' expectations in the Czech National Bank's Financial Market Inflation Expectations survey perform relative to the random-walk forecast when it comes to predicting five financial variables. Using data from 2001 to 2022, our results indicate...
Persistent link: https://www.econbiz.de/10014331152
Expectations about future housing prices are arguably an important determinant of actual housing prices, and an important input in decisions on whether and how to transact in the housing market. Using novel micro-level survey data on Swedish households, we analyse households' expectations of...
Persistent link: https://www.econbiz.de/10012182845
Survey data indicate that a relatively large share of households is ill-informed about the rate of inflation in the economy, with perceived and expected rates of inflation deviating substantially from official measures. Using Swedish micro-level data, we find that such inflation illiteracy is...
Persistent link: https://www.econbiz.de/10013331917
Household expectations of future mortgage rates elicited over the last few years might appear unrealistically low. However, taking explicit account of the high persistence in interest rates, we find that Swedish households' implied long-term expectation of mortgage rates is around 4.7 percent....
Persistent link: https://www.econbiz.de/10012654427
Expectations about future housing prices are arguably an important determinant of actual housing prices, and an important input in decisions on whether and how to transact in the housing market. Using novel micro-level survey data on Swedish households, we analyse households' expectations of...
Persistent link: https://www.econbiz.de/10012654453