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Inflation Expectations Revisited

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  • Batchelor, Roy A
  • Orr, Adrian B

Abstract

This paper describes the construction and main features of a new monthly time series for the mean and standard deviation of consumer inflation expectations in the United Kingdom in the years 1961-85, based on a number of consumer surveys. This involves generalizing to four- and five-category tendency survey data the method used by J. A. Carlson and M. Parkin (1975) to quantify the results of a three-category tendency survey of inflation expectations. The new series exhibit very different time series properties from the original Carlson-Parkin data. Copyright 1988 by The London School of Economics and Political Science.

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  • Batchelor, Roy A & Orr, Adrian B, 1988. "Inflation Expectations Revisited," Economica, London School of Economics and Political Science, vol. 55(219), pages 317-331, August.
  • Handle: RePEc:bla:econom:v:55:y:1988:i:219:p:317-31
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