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This paper introduces a novel measure of consumer inflation expectations: We elicit and combine inflation forecasts across categories of personal consumption expenditure to form an aggregated measure of inflation expectations. Drawing on nearly 60,000 respondents, our data comprise the early...
Persistent link: https://www.econbiz.de/10014436953
Analyses of self-reported-well-being (SWB) survey data may be confounded if people use response scales differently. We …
Persistent link: https://www.econbiz.de/10014372485
of bilateral exports, a panel of data from 2006 through 2017, and an annual Gallup survey which asks people in up to 157 …
Persistent link: https://www.econbiz.de/10012479395
We administer a newly-designed survey to a large panel of wealthy retail investors. The survey elicits beliefs that are …
Persistent link: https://www.econbiz.de/10012479695
-year look-ahead horizon. In terms of question design, our key innovation is to let survey respondents freely select support … collection, we develop and field a new monthly panel Survey of Business Uncertainty. The SBU began in 2014 and now covers about 1 …
Persistent link: https://www.econbiz.de/10012479906
Survey refusal in the Current Population Survey (CPS) has tripled over the last decade. This rise coincides with the … likely to participate in the survey when their preferred political party holds the White House. Using state and metro vote … on the day of the first Tea Party rally indicates that exposure to anti-survey rhetoric decreases refusal rates …
Persistent link: https://www.econbiz.de/10012480376
Motivated by the observation that survey expectations of stock returns are inconsistent with rational return … pricing literature are consistent with the survey evidence. We empirically test (1) the notion that survey forecasts … constitute rational but risk-neutral forecasts of future returns, and (2) the notion that survey forecasts are ambiguity averse …
Persistent link: https://www.econbiz.de/10012480774
nation-wide survey among retail investors to elicit their responses to an exhaustive list of trading motives. By merging … survey responses with account-level transaction data, we validate survey responses with actual trading behaviors and compare … the power of survey-based and transaction-based measures of trading motives. A horse race among survey-based trading …
Persistent link: https://www.econbiz.de/10012482091
data. We ask survey respondents what they had in mind regarding (i)-(iii) when answering commonly used--life satisfaction …
Persistent link: https://www.econbiz.de/10012482654
Measurement errors are often a large source of bias in survey data. Lack of knowledge of the determinants of such … respondent's degree of cooperation with the survey overall. We provide evidence on how survey design choices affect reporting … errors. Our findings help survey users to gauge the reliability of their data and to devise estimation strategies that can …
Persistent link: https://www.econbiz.de/10012814427