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The forecasting pro...
The forecasting properties of survey-based wage-growth expectations
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- Jonsson, Thomas (author)
- National Institute of Economic Research, Stockholm, Sweden
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- Österholm, Pär, 1974- (author)
- Sveriges riksbank, Stockholm, Sweden
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(creator_code:org_t)
- Elsevier, 2011
- 2011
- English.
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In: Economics Letters. - : Elsevier. - 0165-1765 .- 1873-7374. ; 113:3, s. 276-281
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Abstract
Subject headings
Close
- Weevaluate survey-based wage-growth expectations and find that they are neither unbiased nor efficient forecasts. Concerning out-of-sample forecast precision, survey participants generally perform worse than a constant forecast. Caution should accordingly be exercised when relying on these data for policymaking.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Survey data
- Forecasts
- Sweden
- Monetary policy
- Economics
- Nationalekonomi
Publication and Content Type
- ref (subject category)
- art (subject category)
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