and unemployment measures)
* Anxious Index
* Implied forecasts

Reception

SPF has been used in academic research on forecast accuracy and forecast bias.

A 1997 analysis of density forecasts of inflation made in the SPF finds: "The probability of a large negative inflation shock is generally overestimated, and in more recent years the probability of a large shock of either sign is overestimated. Inflation surprises are serially correlated, although agents eventually adapt. Expectations of low inflation are associated

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