• Media type: E-Book
  • Title: Do US macroeconomic forecasters exaggerate their differences?
  • Contributor: Clements, Michael P. [Author]
  • imprint: Reading: Henley, Univ. of Reading, ICMA Centre, 2014
  • Published in: ICMA Centre: Discussion paper ; 201410
  • Extent: Online-Ressource (23 S.); graph. Darst
  • Language: English
  • DOI: 10.2139/ssrn.2496433
  • Identifier:
  • Keywords: Arbeitspapier ; Graue Literatur
  • Origination:
  • Footnote: Systemvoraussetzungen: Acrobat Reader
  • Description: Application of the Bernhardt, Campello and Kutsoati (2006) test of herding to the calendar-year annual output growth and inflation forecasts suggests forecasters tend to exaggerate their differences, except at the shortest horizon when they tend to herd. We consider whether these types of behaviour can help to explain the puzzle that professional forecasters sometimes make point predictions and histogram forecasts which are mutually inconsistent
  • Access State: Open Access