Quantification of Ordinal Surveys and Rational Testing: An Application to the Colombian Monthly Survey of Economic Expectations Cuantificación de encuestas ordinales y pruebas de racionalidad: una aplicación con la encuesta mensual de expectativas económicas

Expectations and perceptions obtained in surveys play an important role in designing the monetary policy. In this paper we construct continuous variables from the qualitative responses of the Colombian Economic Expectation Survey (EES). This survey examines the perceptions and expectations on differ...

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Bibliographic Details
Main Authors: MARGARITA MARÍN, KATHERINE SÁNCHEZ, HÉCTOR MANUEL ZÁRATE
Format: Article
Language:English
Published: Universidad Nacional de Colombia 2012-01-01
Series:Revista Colombiana de Estadística
Subjects:
Online Access:http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S0120-17512012000100006