Show simple item record

dc.contributor.authorLópez Pérez, Víctor 
dc.date.accessioned2015-04-22T12:19:09Z
dc.date.available2015-04-22T12:19:09Z
dc.date.issued2016-06-07
dc.description.abstractThis paper explores how changes in macroeconomic uncertainty have affected the decision to participate in the European Central Bank’s Survey of Professional Forecasters. Two different approaches are employed in order to address this question. First, a time-series analysis explores if changes in measures of uncertainty over time have led to changes in aggregate response rates. And second, a discrete-choice model for panel data is estimated to test if changes in uncertainty measures have had effects on the likelihood to participate by SPF forecasters. The main result of the paper is that higher (lower) uncertainty reduces (increases) participation in the survey. This effect is statistically and economically significant. As participation and uncertainty are found to be negatively correlated, measures of uncertainty from the ECB’s SPF could be biased downwards.es_ES
dc.formatapplication/pdfes_ES
dc.language.isoenges_ES
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.titleDoes Uncertainty Affect Participation in the European Central Bank’s Survey of Professional Forecasters?es_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.subject.otherEconomía Aplicadaes_ES
dc.subjectParticipationes_ES
dc.subjectUncertaintyes_ES
dc.subjectSurvey of Professional Forecasterses_ES
dc.subjectEuropean Central Bankes_ES
dc.identifier.urihttp://hdl.handle.net/10317/4591
dc.peerreviewSí.es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES
dc.type.versioninfo:eu-repo/semantics/draftes_ES


Files in this item

untranslated

This item appears in the following Collection(s)

Show simple item record

Atribución-NoComercial-SinDerivadas 3.0 España
Except where otherwise noted, this item's license is described as Atribución-NoComercial-SinDerivadas 3.0 España