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The Decision Maker Panel: a user’s guide

Author

Listed:
  • Bunn, Philip

    (Bank of England)

  • Bloom, Nicholas

    (Stanford University)

  • Crundwell, Alice

    (Bank of England)

  • Khan, Sami

    (Bank of England)

  • Menzies, Craig

    (Bank of England)

  • Mizen, Paul

    (King’s College London)

  • Sculthorpe, Molly

    (University of Leeds)

  • Shah, Krishan

    (Bank of England)

  • Thwaites, Gregory

    (University of Nottingham)

  • Yotzov, Ivan

    (Bank of England)

Abstract

The Decision Maker Panel (DMP) is a large monthly online panel survey of UK businesses. It was established in 2016 and is run by the Bank of England in partnership with King’s College London and the University of Nottingham. It collects quantitative information from Chief Financial Officers about recent developments in business conditions, (the distribution of) expectations, and uncertainty. This paper provides an overview of the survey. It covers the survey methodology and evaluates the data quality. It shows how the survey is representative, that the data are of high quality and that they match official statistics well. Aggregated DMP data are published on a monthly and quarterly basis, and anonymised microdata are available to researchers via the Office for National Statistics’ Secure Research Service.

Suggested Citation

  • Bunn, Philip & Bloom, Nicholas & Crundwell, Alice & Khan, Sami & Menzies, Craig & Mizen, Paul & Sculthorpe, Molly & Shah, Krishan & Thwaites, Gregory & Yotzov, Ivan, 2024. "The Decision Maker Panel: a user’s guide," Bank of England working papers 1096, Bank of England.
    • Handle: RePEc:boe:boeewp:1096
    as

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    File URL: https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2024/the-decision-maker-panel-a-users-guide.pdf
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    References listed on IDEAS

    as
    1. Altig, Dave & Baker, Scott & Barrero, Jose Maria & Bloom, Nicholas & Bunn, Philip & Chen, Scarlet & Davis, Steven J. & Leather, Julia & Meyer, Brent & Mihaylov, Emil & Mizen, Paul & Parker, Nicholas &, 2020. "Economic uncertainty before and during the COVID-19 pandemic," Journal of Public Economics, Elsevier, vol. 191(C).
    2. Altig, David & Barrero, Jose Maria & Bloom, Nicholas & Davis, Steven J. & Meyer, Brent & Parker, Nicholas, 2022. "Surveying business uncertainty," Journal of Econometrics, Elsevier, vol. 231(1), pages 282-303.
    3. Gwangmin Kim & Carola Binder, 2023. "Learning-through-Survey in Inflation Expectations," American Economic Journal: Macroeconomics, American Economic Association, vol. 15(2), pages 254-278, April.
    4. Nicholas Bloom & Philip Bunn & Scarlet Chen & Paul Mizen & Pawel Smietanka & Greg Thwaites & Garry Young, 2018. "Brexit and Uncertainty: Insights from the Decision Maker Panel," Fiscal Studies, John Wiley & Sons, vol. 39(4), pages 555-580, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Decision Maker Panel; firm data; survey methods; uncertainty;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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