An Alternative to the Carlson-Parkin Method for the Quantification of Qualitative Inflation Expectations: Evidence from the Ifo World Economic Survey

Research, Preprint English OPEN
Steffen Henzel; Timo Wollmershäuser;
(2005)
  • Publisher: Ifo Institute - Leibniz Institute for Economic Research at the University of Munich Munich
  • Subject: C42 | D84 | E31 | survey data | Inflation expectations, survey data, quantification methods. | quantification methods | Inflation expectations
    • jel: jel:E31 | jel:C42 | jel:D84
      ddc: ddc:330

This paper presents a new methodology for the quantification of qualitative survey data. Traditional conversion methods, such as the probability approach of Carlson and Parkin (1975) or the time-varying parameters model of Seitz (1988), require very restrictive assumpti... View more
  • References (9)

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