Inflation, Real Economic Growth and Unemployment Expectations: An Empirical Analysis Based on the ECB Survey of Professional Forecasters

Documentos De Economía Y Finanzas Internacionales, Working Papers on International Economics and Finance, DEFI 17-02, February 2017

29 Pages Posted: 11 Mar 2017

See all articles by María del Carmen Ramos-Herrera

María del Carmen Ramos-Herrera

Universidad Complutense de Madrid (UCM)

Simon Sosvilla-Rivero

UCM Institute for Economic Analysis

Date Written: February 2017

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).

Keywords: inflation, real economic growth, unemployment, expectations, euro area

JEL Classification: F31, E31, D84

Suggested Citation

Ramos-Herrera, María del Carmen and Sosvilla-Rivero, Simon, Inflation, Real Economic Growth and Unemployment Expectations: An Empirical Analysis Based on the ECB Survey of Professional Forecasters (February 2017). Documentos De Economía Y Finanzas Internacionales, Working Papers on International Economics and Finance, DEFI 17-02, February 2017 . Available at SSRN: https://ssrn.com/abstract=2930949 or http://dx.doi.org/10.2139/ssrn.2930949

María del Carmen Ramos-Herrera

Universidad Complutense de Madrid (UCM) ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain

Simon Sosvilla-Rivero (Contact Author)

UCM Institute for Economic Analysis ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain
+34913932626 (Phone)

HOME PAGE: http://www.ucm.es/info/ecocuan/ssr/

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