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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/35868
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dc.contributor.authorComerford, David Aen_UK
dc.date.accessioned2024-03-29T01:03:22Z-
dc.date.available2024-03-29T01:03:22Z-
dc.date.issued2023-01-19en_UK
dc.identifier.urihttp://hdl.handle.net/1893/35868-
dc.description.abstractThe Survey of Consumer Expectations (SCE) infers respondents’ inflation expectations from density forecasts. Using numeracy data and tests for coherence among 117,000 respondents to the SCE, I find that density forecasts suffer non-negligible reporting bias and selective nonresponse. A simple verbal question collected by the SCE suffers neither of these deficiencies and so has better properties to deliver an accurate snapshot of the population's inflation expectations than the headline measures of inflation expectations published by the SCE. I demonstrate how the verbal measure can be harnessed to improve the signal-to-noise ratio in density forecasts.en_UK
dc.language.isoenen_UK
dc.publisherWileyen_UK
dc.relationComerford DA (2023) Response Bias in Survey Measures of Expectations: Evidence from the Survey of Consumer Expectations’ Inflation Module. <i>Journal of Money, Credit and Banking</i>. https://doi.org/10.1111/jmcb.13003en_UK
dc.rights© 2023 The Authors. Journal of Money, Credit and Banking published by Wiley Periodicals LLC on behalf of Ohio State University. This is an open access article under the terms of the Creative Commons Attribution-NonCom mercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are madeen_UK
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en_UK
dc.subjectinflation expectationsen_UK
dc.subjectforecastingen_UK
dc.subjectconsumer surveysen_UK
dc.subjectdensity forecasten_UK
dc.titleResponse Bias in Survey Measures of Expectations: Evidence from the Survey of Consumer Expectations’ Inflation Moduleen_UK
dc.typeJournal Articleen_UK
dc.identifier.doi10.1111/jmcb.13003en_UK
dc.citation.jtitleJournal of Money, Credit and Bankingen_UK
dc.citation.issn1538-4616en_UK
dc.citation.issn0022-2879en_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.author.emaildavid.comerford@stir.ac.uken_UK
dc.citation.date19/01/2023en_UK
dc.description.notesOutput Status: Forthcoming/Available Onlineen_UK
dc.contributor.affiliationEconomicsen_UK
dc.identifier.isiWOS:000916077700001en_UK
dc.identifier.scopusid2-s2.0-85147008693en_UK
dc.identifier.wtid1985429en_UK
dc.contributor.orcid0000-0003-2611-9504en_UK
dc.date.accepted2023-04-10en_UK
dcterms.dateAccepted2023-04-10en_UK
dc.date.filedepositdate2024-03-25en_UK
rioxxterms.apcpaiden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorComerford, David A|0000-0003-2611-9504en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2024-03-25en_UK
local.rioxx.licencehttp://creativecommons.org/licenses/by-nc-nd/4.0/|2024-03-25|en_UK
local.rioxx.filenameResponse bias in survey measures of expectations evidence from the survey of consumer.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source1538-4616en_UK
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