The Carlson-Parkin method applied to NZ price expectations using QSBO survey data

The standard Carlson-Parkin (Economica, 1975, 42, 123-138) method is used to estimate the parameters of producers' prices expectations. Non-nested tests suggest that the Carlson-Parkin method is superior to the use of the simple balance statistic. A non-linear extension of the Carlson-Parkin technique is estimated, and no evidence is found to support the hypothesis that producers' price expectations are drawn from skewed or kurtotic distributions.