Arbeitspapier
Can Households Predict where the Macroeconomy is Headed?
In this paper, we evaluate households' directional forecasts of inflation and the unemployment rate in Sweden. The analysis is conducted using monthly forecasts from the National Institute of Economic Research's Economic Tendency Survey that range from January 1996 until August 2019. Results indicate that households have statistically significant ability to forecast where the unem-ployment is headed, but they fail in predicting the direction of future inflation.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 11/2020
- Klassifikation
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Wirtschaft
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
- Thema
-
Survey data
Directional forecasts
Inflation
Unemployment
- Ereignis
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Geistige Schöpfung
- (wer)
-
Kladivko, Kamil
Österholm, Pär
- Ereignis
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Veröffentlichung
- (wer)
-
Örebro University School of Business
- (wo)
-
Örebro
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Kladivko, Kamil
- Österholm, Pär
- Örebro University School of Business
Entstanden
- 2020