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An inquiry based means for the quantification of qualitative inflation expectations of the Ifo World Economic Survey

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  • Steffen Henzel
  • Timo Wollmershäuser

Abstract

The expectations of ca. 1,100 experts polled in the quarterly Ifo World Economic Survey (WES) on important macroeconomic factors in more than 90 countries are published as balances that only give information on whether the survey participants, on average, expect the queried variables to rise, to remain unchanged or to fall. By means of a new method, Ifo researchers have succeeded in quantifying these so-called qualitative expectations and have computed concrete values for the expected value of the variables.

Suggested Citation

  • Steffen Henzel & Timo Wollmershäuser, 2005. "An inquiry based means for the quantification of qualitative inflation expectations of the Ifo World Economic Survey," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(09), pages 13-20, May.
  • Handle: RePEc:ces:ifosdt:v:58:y:2005:i:09:p:13-20
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    References listed on IDEAS

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    1. Georg Goldrian, 2004. "Handbuch der umfragebasierten Konjunkturforschung," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 15.
    2. Anna Stangl, 2007. "World Economic Survey," Chapters, in: Georg Goldrian (ed.), Handbook of Survey-Based Business Cycle Analysis, chapter 5, Edward Elgar Publishing.
    3. Carlson, John A & Parkin, J Michael, 1975. "Inflation Expectations," Economica, London School of Economics and Political Science, vol. 42(166), pages 123-138, May.
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    More about this item

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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