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| Expectations | |
| In
the late 1970s I served as an expert in a Government Commission to examine the
effects of price controls. In this capacity I recommended the Commission to finance
an in-depth study of the expectations of the future rate of inflation and of the
perceptions of past rate of inflation held by a representative sample of the Swedish
public. Eventually, National Statistics of Sweden carried out the first survey
of this kind in January 1978 covering about 8 500 respondents. Since then inflationary
expectations and perceptions have been regularly measured in Sweden, first on
a quarterly basis, later on a monthly basis. By now these surveys represent a
rich set of data. As research advisor at DG ECFIN I am involved in the analysis of data on expectations presently being gathered for EU member states. Some of my work on the inflationary expectations and perceptions is listed below:
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"Perceived and Expected Rates of Inflation in Sweden", American Economic Review, nr 5, December 1981. "Uncertainty of Inflationary Perceptions and Expectations", Journal of Economic Psychology 4, vol. 7, p. 315-25, September 1986. "Are Inflationary Perceptions Rational? Some Evidence from Sweden". (with David Laidler), American Economic Review, December, p. 1080-87, 1988. "Confidence about Inflation Forecasts: Evidence from Surveys of Swedish Consumers" (with Roy Batchelor), p. 179-201 in Karl Heinrich Oppenländer and Günter Poser, eds., Contributions of Business Cycle Surveys to Empirical Economics, Avebury, Gower, 1988. "Inflationary Expectations in Sweden", S-E-Banken Quarterly Review, no 1, 1990.
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"Uppfattad och förväntad inflation i Sverige", bilaga 3 i SOU 1981:41. "Inflationsuppfattningen och prisregleringspolitiken 1978-1980", bilaga 4 i SOU 1981:41. "En ekonometrisk studie av prisregleringspolitikens effekter på den svenska inflationen under 1970-talet", (medförfattare I. Hansson), bilaga 10 i SOU 1981:42. "Inflationsprognoser och inflationsutfall. En studie av Konjunkturinstitutets prisprognoser", (medförfattare I. Hansson), bilaga 11 i SOU 1981:42.
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"Which model do people carry in their minds when they forecast inflation rates?" seminar paper no 1, October 1984, National institute of economic research, Stockholm. "The monetary
regime rate of inflation. A new measure", seminar paper no 3, November 1986,
National institute of economic research, Stockholm. | |
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