Inflation Expectations Revisited
Inflation Expectations Revisited
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重新审视通胀预期
作者：
R. Batchelor;A. Orr
本文根据多项消费者调查，描述了 1961-85 年英国消费者通胀预期均值和标准差的新月度时间序列的构建和主要特征。这涉及将 J. A. Carlson 和 M. Parkin (1975) 用于量化通胀预期三类趋势调查结果的方法推广到四类和五类趋势调查数据。新序列表现出与原始 Carlson-Parkin 数据截然不同的时间序列属性。伦敦政治经济学院版权所有 1988。
This paper describes the construction and main features of a new monthly time series for the mean and standard deviation of consumer inflation expectations in the United Kingdom in the years 1961-85, based on a number of consumer surveys. This involves generalizing to four- and five-category tendency survey data the method used by J. A. Carlson and M. Parkin (1975) to quantify the results of a three-category tendency survey of inflation expectations. The new series exhibit very different time series properties from the original Carlson-Parkin data. Copyright 1988 by The London School of Economics and Political Science.