There is a need for further research, but experimenting on measuring expectations is a worthy exercise. It has undoubtedly enhanced the Survey’s reputation. Indeed, Charles Manski included it among the few “major platforms for methodological exploration and substantive research” on the use of probabilistic formats to elicit expectations.
14 Manski also mentioned only one survey of firms using probabilistic questioning to elicit business expectations: the Italian Survey of Investment in Manufacturing. This has also been carried out by the Bank of Italy since the mid-1980s and is a good example of cross-fertilisation among different research areas.