Publication: Inflation, real economic growth and unemployment expectations: An empirical analysis based on the ECB Survey of Professional Forecasters
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2017
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Asociación Española de Economía y Finanzas Internacionales
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Abstract
Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF).
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