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Do Professional Forecasters Pay Attention to Data Releases?

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  • Clements, Michael P

    (University of Warwick)

Abstract

We present a novel approach to assessing the attentiveness of professional forecasters to news about the macroeconomy. We find evidence that professional forecasters, taken as a group, do not always update their estimates of the current state of the economy to re‡ect the latest releases of revised estimates of key data. Key words: Professional forecasters ; data revisions; inattention JEL classification: C53

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File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/workingpapers/2011/twerp_956.pdf
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Paper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 956.

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Date of creation: 2011
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Handle: RePEc:wrk:warwec:956

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  17. Tom Stark and Dean Croushore, 2001. "Forecasting with a Real-Time Data Set for Macroeconomists," Computing in Economics and Finance 2001, Society for Computational Economics 258, Society for Computational Economics.
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Cited by:
  1. Sill, Keith, 2014. "Forecast disagreement in the Survey of Professional Forecasters," Business Review, Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia, issue Q2, pages 15-24.

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