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Title: Consumer inflation expectations in Poland
Abstract
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on the real and nominal sectors of the economy bear a close relationship to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be quantified with the use of probability or regression methods. This paper presents the results of two versions of the probability method, implemented in order to estimate numerical measures of Polish consumer inflation expectations, based on the monthly Ipsos-Demoskop survey. In addition, the unbiasedness and macroeconomic efficiency of Polish consumer inflation expectations are tested, as are the way in which these are formed. The pattern of responses to the survey question and quantified measures of Polish consumer inflation expectations are also compared with the respective findings for the euro area. [Tomasz £yziak]
Author: £yziak, Tomasz
Series Title: Working paper series / European Central Bank ; 287
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Monetary PolicyInflation expectationsPolandConsumersCentral Bankmonetary policyinflationPoland
consumercentral bank
Subject: Economic conditionsCurrency. Monetary policy
Countries Scheme: Poland
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: 15. CEIES-Seminar : Inflation in Europa - Unterschiedliche Messkonzepte und deren Nutzer ; Berlin, 4. und 5. Oktober
2001
Title (other): 15th CEIES seminar : Inflation in Europe - Different measures and their users ; Berlin, 4 and 5 October 2001 | 15e
séminaire du CEIES : L'inflation en Europe: les différents indicateurs et leurs utilisateurs ; Berlin, 4 et 5 octobre
2001
Series Title:Eurostat - Eurostat Aktuell ; 2002
Author (Corp. Body): Europäische Kommission / Statistisches Amt
Publisher: Amt für Amtliche Veröffentlichungen
Year: 2002
ISBN / ISSN / Kat.Nr: 92-894-3286-1 | 92-894-3287-X | 92-894-3288-8 | KS-PB-02-003-DE-N | KS-PB-02-003-EN-N | KS-PB-02-003-FR-N
Language: en | de | fr
Ressource: Statistiken | Einzelne Vorträge und Tagungsbeiträge
Keyword: inflationstatisticsstatistical method
Subject: Economic conditionsData collectionConferences. Seminars
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://ec.europa.eu/)
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