This paper considers respondent dynamics within the NZIER quarterly survey of business opinion. The paper concentrates mainly on the potential usefulness of matched and individual survey responses with particular reference to business confidence. The main framework is a three-by-three matrix of responses by firms who have participated in adjacent surveys. This framework provides information on the dynamics (flows) of business opinion as opposed to the usual published information on end-of-period net balances (stocks). The paper highlights the volatility of business opinion with respect to both economy-wide and own-outlook. Almost half the firms replying to adjacent surveys, for example, changed their outlook between quarters regarding business confidence, output and profitability.
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Paper provided by University of Waikato, Department of Economics in its series Working Papers in Economics with number
00/03.
Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Buckle, R-A & Carlson, J-A, 1996.
"Inflation an Asymmetric Price Adjustment,"
Papers
96-013, Purdue University, Krannert School of Management - Center for International Business Education and Research (CIBER).
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