Market and survey-based measures of expectations provide useful information, ECB paper says
Both types of inflation estimate outperform statistical predictions
Both survey-based and market-based measures of inflation expectations provide useful information on future inflation, a working paper published this month by the European Central Bank (ECB) argues.
In Inflation forecasts: are market-based and survey-based measures informative?, Magdalena Grothe and Aidan Meyler assess the performance of both measures of expectations against eventual inflation.
The authors note both types are regularly used by central banks, but their forecasting performance
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