In this paper, we propose a quantitative measure for inflation expectations based on consumer survey data. Thereafter, we proceed to testing the rationality assumption. This issue is of noteworthy interest in its own as it is commonly assumed in the theoretical modelling literature that the...

There has been a growing interest on inflation perceptions in the euro area, in particular, following the euro cash changeover. It has been pointed out that a gap emerged between observed and perceived inflation since the introduction of the euro notes and coins. Such a statement relies on the...

The aim of this paper is to assess inflation forecasting acurracy over the short-term horizon using Consumer Price Index (CPI) disaggregated data. That is, aggregating forecasts is compared with aggregate forecasting. In particular, three questions are addressed: i) one should bottom-up or not,...

With few exceptions, most economic data undergo revisions. Although frequently neglected, data revisions may have implications, not only for economic analysis, but also for policy decisions, as revisions may alter current assessment and forecasts of economic developments. In this paper, we...

Using matched employer-employee data, we examine the main characteristics of immigrants in the Portuguese labour market in the 2002-2008 period. We find substantial differences in labour market outcomes between native and immigrant workers and among different nationality groups, in terms of age,...

Using matched employer-employee data, we examine the wage gaps between immigrant and native workers in the Portuguese labour market in the 2002-2008 period. We use the relation between the Gelbach’s and Oaxaca-Blinder’s decompositions to split the unconditional average wage gap as the sum of...