Papadia, F. and Basano, v. (1981) EEC-DG II inflationary expectations; Survey based inflationary expectations for the EEC countries. Economic Papers No. 1, May 1981. [EU Commission - Working Document]
The Directorate General for Economic and Financial Affairs (DG II) of the Commission of the European Communities has carried out Consumer Surveys in all EEC countries since 1972. Information collected through these surveys were used to estimate quantitative expectations of consumer price inflation. In general, the quality of survey-based inflationary expectations depends on the amount and quality of information collected by the Survey itself. In this respect the Surveys used here fare well relative to other available surveys: large sample in each country; several countries surveyed consistently; semi-quantitative character of the survey. The method of quantification is discussed and the resulting time series are presented.
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