expectations, using a survey conducted in Spain by PwC, among a panel of experts and entrepreneurs. When analysing the headline … inflation rate, our results suggest that the PwC panel has some forecasting ability for time horizons from 3 to 9 months … inflation used. As for the consistency properties of the inflation expectations formation process, we find that panel members …

We examine the predictive ability, the consistency properties and the possible driving forces of inflation expectations … rate, our results suggest that the PwC panel has some forecasting ability for time horizons from 3 to 9, improving when it … for the consistency properties of the inflation expectations formation process, we find that panel members form …

-herd and "lean against the wind" when forecasting exchange rates. …

Empirical studies using surveys of exchange rate expectations have become very popular in the literature. The majority … in determining expectations, thus offering support for the Post Keynesian view of currency markets. …

reversion and assume that relative prices are unchanged. Direct forecasting or panel data techniques are better than the random …

better quality than PPP. The MB approach has the most appealing economic interpretation, but performs poorly in forecasting …