data from the US Health and Retirement Study. We explicitly account for nonresponse, rounding, and focal point “50 percent … by rounding. We also find observed and unobserved heterogeneity in the tendencies to report rounded values or a focal … answer, explaining persistency in 50 percent-answers over time. Incorporating rounding and focal answers changes some of the …

We develop a panel data model of expectations of a continuous outcome variable elicited on a percentage-chance scale … factors. Moreover, it accounts explicitly for non-response, non-informative focal answers, and recall and rounding errors. We … substantial rounding but few focal answers. Respondents tend to stick to a certain answering strategy: non-response, rounding and …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …

frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to … that there are benefits to using higher frequency measures of inflation expectations. Out of sample forecasts confirm the …

I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused … collection of 37 different measures of inflation expectations, including many previously unexploited monthly and real …

We investigate the validity of subjective data on expectations of job loss and on the probability of re …-employment consequent on job loss, by examining associations between expectations and realisations. We find that subjective expectations …, the expectations data perform better with numerical than with ordinal verbal descriptors. On average, employees …

We investigate the validity of subjective data on expectations of job loss and on the probability of re …-employment consequent on job loss, by examining associations between expectations and realisations. We find that subjective expectations … predictors of subsequent job loss, the expectations data perform better with numerical descriptors than with ordinal verbal …