An Overview of the Survey of Consumer Expectations

32 Pages Posted: 18 Nov 2016 Last revised: 21 Sep 2017

See all articles by Olivier Armantier

Olivier Armantier

Federal Reserve Bank of New York

Giorgio Topa

Federal Reserve Bank of New York

Wilbert van der Klaauw

Federal Reserve Bank of New York; IZA

Basit Zafar

Arizona State University

Multiple version iconThere are 2 versions of this paper

Date Written: 2016-11-17

Abstract

This report presents an overview of the Survey of Consumer Expectations, a new monthly online survey of a rotating panel of household heads. The survey collects timely information on consumers’ expectations and decisions on a broad variety of topics, including but not limited to inflation, household finance, the labor market, and the housing market. There are three main goals of the survey: (1) measuring consumer expectations at a high frequency, (2) understanding how these expectations are formed, and (3) investigating the link between expectations and behavior. This report discusses the origins of the survey, the questionnaire design, the implementation of the survey and the sample, and computation of various statistics that are released every month. We conclude with a discussion of how the results are disseminated, and how the (micro) data may be accessed.

Keywords: survey, expectations, inflation, measurement

JEL Classification: C81, D80, E31

Suggested Citation

Armantier, Olivier and Topa, Giorgio and van der Klaauw, H. Wilbert and Zafar, Basit, An Overview of the Survey of Consumer Expectations (2016-11-17). FRB of NY Staff Report No. 800. Available at SSRN: https://ssrn.com/abstract=2871857

Olivier Armantier (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Giorgio Topa

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

H. Wilbert Van der Klaauw

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-5916 (Phone)
212-720-1844 (Fax)

IZA ( email )

Basit Zafar

Arizona State University ( email )

WP Carey School of Business, ASU
Tempe, AZ 85287
United States
9179326564 (Phone)

HOME PAGE: http://https://sites.google.com/site/basitakzafar/

Register to save articles to
your library

Register

Paper statistics

Downloads
59
Abstract Views
436
rank
224,628
PlumX Metrics