The forecasting properties of survey-based wage-growth expectations

• 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.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

Nyckelord

Survey data

Forecasts

Sweden

Monetary policy

Economics

Nationalekonomi

Publikations- och innehållstyp

ref (ämneskategori)

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