An Overview of the Survey of Consumer Expectations

22 Pages Posted: 20 Dec 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: 2017

Abstract

The authors present an overview of the New York Fed’s Survey of Consumer Expectations, a monthly online survey of a rotating panel of household heads. The survey collects timely information on respondents’ expectations and decisions on a broad variety of topics, including inflation, household finance, the labor market, and the housing market. It has three main goals: (1) measuring consumer expectations at a high frequency, (2) understanding how these expectations are formed, and (3) investigating the link between expectations and behavior. The authors discuss the origins of the survey, the questionnaire design, the implementation of the survey and the sample, and the computation of the various statistics released every month. They conclude with a discussion of how the results are disseminated and how the (micro) data may be accessed on the New York’s Fed’s Center for Microeconomic Data.

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 (2017). Economic Policy Review, Issue 23-2, pp. 51-72, 2017. Available at SSRN: https://ssrn.com/abstract=3090329

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/

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