On the herding instinct of interest rate forecasters
It is not uncommon to observe the published forecasts of economic commentators closely bunched together over long periods of time. In our case, the phenomenon is observed for eight national panels of economists who report monthly forecasts. A framework is developed that conveniently nests within it several simple, yet plausible forecasting rules, and allows us to explore the extent of the clustering phenomenon.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 27 (2002)
Issue (Month): 3 ()
|Note:||received: June 1999/Final version received: February 2001|
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/econometrics/journal/181/PS2|
When requesting a correction, please mention this item's handle: RePEc:spr:empeco:v:27:y:2002:i:3:p:403-425. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.