Data obtained from business and consumer surveys are often used in forecasting models and in testing different expectation formation schemes. Their use, however, requires a previous step of transformation of the qualitative data into quantitative figures. This paper contains a critical review of the different quantification methods, highlighting the limits of their use in macroeconomic modelling. Copyright Blackwell Publishing Ltd, 2003.
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Volume (Year): 17 (2003) Issue (Month): 5 (December) Pages: 645-668 Download reference. The following formats are available: HTML
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