scholarly journals Interpreting Tests of Forward Discount Bias Using Survey Data on Exchange Rate Expectations

10.3386/w1963 ◽  
1986 ◽  
Author(s):  
Kenneth Froot ◽  
Jeffrey Frankel
Author(s):  
Olivier Coibion ◽  
Yuriy Gorodnichenko

We study survey data of inflation and exchange rate expectations in Ukraine. These data are available for households, firms and professional forecasters. We document some unique properties of these data as well as some limitations and discuss the longer run prospects for inflation expectations in Ukraine given the National Bank of Ukraine’s desire to adopt an inflation target in the future.


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