Non-positive scaling factor in probability quantification methods: deriving consumer inflation perceptions and expectations in the whole euro area and Ireland created by Tomasz Łyziak
Material type: TextSeries: Comparative economic studies ; Volume 55, number 1Basingstoke: Palgrave Macmillan, 2013Content type:- text
- unmediated
- volume
- 08887233
- HB90 COM
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Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
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Journal Article | Main Library - Special Collections | HB90 COM (Browse shelf(Opens below)) | Vol.55, no.1, (pages 77-98) | SP14969 | Not for loan | For In House Use Only |
There are problems with using probability quantification methods when the scaling factor applied in those methods becomes non-positive. The way of adjusting them proposed in this note and verified empirically allows using them in such circumstances. The results for the euro area and Ireland suggest that the recent financial crisis made consumer inflation perception and expectations go down, however it did not create deflationary expectations in this groups of economic agents.
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