Measuring disagreement in UK consumer and central bank inflation forecasts, February 2011

@inproceedings{Moessner2011MeasuringDI,
  title={Measuring disagreement in UK consumer and central bank inflation forecasts, February 2011},
  author={Richhild Moessner and Feng Zhu and Colin Ellis},
  year={2011}
}
We provide a new perspective on disagreement in in‡ation expectations by examining the full probability distributions of UK consumer in‡ation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the in‡ation forecasts of the Bank of England’s Monetary Policy Committee (MPC) with those of UK consumers, for which we use data… CONTINUE READING