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Inflation, real economic growth and unemployment expectations: An empirical analysis based on the ECB Survey of Professional Forecasters

Author

Listed:
  • María del Carmen Ramos-Herrera

    (Department of Quantitative Economics, Universidad Complutense de Madrid)

  • Simón Sosvilla-Rivero

    (Department of Quantitative Economics, Universidad Complutense de Madrid)

Abstract

Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF).

Suggested Citation

  • María del Carmen Ramos-Herrera & Simón Sosvilla-Rivero, 2017. "Inflation, real economic growth and unemployment expectations: An empirical analysis based on the ECB Survey of Professional Forecasters," Working Papers 17-02, Asociación Española de Economía y Finanzas Internacionales.
  • Handle: RePEc:aee:wpaper:1702
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    Cited by:

    1. N. V. Suvorov & S. V. Treshchina & Yu. V. Beletskii, 2020. "Design of Methods for Long-Term Forecasting of Development Trends in the Russian Economy (Methodology and Model Toolkit)," Studies on Russian Economic Development, Springer, vol. 31(6), pages 636-646, November.

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    More about this item

    Keywords

    inflation; real economic growth; unemployment; expectations; euro area;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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