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Consumer inflation expectations Survey questions and quantification methods – the case of Poland

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Abstract

Qualitative data on inflation perceptions and expectations, as obtained from surveys, can be quantified into numerical indicators of the perceived and expected rates of price change. This paper presents the results of different versions of probability and regression methods, implemented in order to estimate Polish consumer inflation perceptions and predictions, based on monthly consumer surveys. The paper also discusses the limited usefulness of quantitative questions, which occur to be excessively difficult for a significant part of respondents, whose numerical declarations are inconsistent with opinions expressed in a qualitative manner

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File URL: http://www.nbp.pl/publikacje/materialy_i_studia/37_en.pdf
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Bibliographic Info

Paper provided by National Bank of Poland, Economic Institute in its series National Bank of Poland Working Papers with number 37.

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Length: 27
Date of creation: 2006
Date of revision:
Handle: RePEc:nbp:nbpmis:37

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Web page: http://www.nbp.pl/Homen.aspx?f=en/publikacje/materialy_i_studia/informacja_en.html
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Keywords: Inflation expectations; Surveys; Quantification; Poland;

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Cited by:
  1. Mestre, Ricardo, 2007. "Are survey-based inflation expections in the euro area informative?," Working Paper Series 0721, European Central Bank.
  2. Tomasz Łyziak, 2009. "Is Inflation Perceived by Polish Consumers Driven by Prices of Frequently Bought Goods and Services?," Comparative Economic Studies, Palgrave Macmillan, vol. 51(1), pages 100-117, March.

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