Results 231 to 240 of about 2,208 (266)

Forecast Accuracy and Forecaster Disagreement in the Survey of Professional Forecasters

open access: yesResearch Brief (Federal Reserve Bank of Philadelphia), 2023
Patrick Doelp
openaire   +2 more sources

Reporting Biases and Survey Results: Evidence from European Professional Forecasters [PDF]

open access: yesSSRN Electronic Journal, 2007
Using data from the ECB's Survey of Professional Forecasters, we investigate the reporting practices of survey participants by comparing their point predictions and the mean/median/mode of their probability forecasts. We find that the individual point predictions, on average, tend to be biased towards favourable outcomes: they suggest too high growth ...
García, Juan Angel, Manzanares, Andrés
openaire   +3 more sources

Evaluating the survey of professional forecasters probability distributions of expected inflation based on derived event probability forecasts

Empirical Economics, 2006
Techniques are proposed for evaluating forecast probabilities of events. The tools are especially useful when, as in the case of the Survey of Professional Forecasters (SPF) expected probability distributions of inflation, recourse cannot be made to the method of construction in the evaluation of the forecasts.
Michael P. Clements
openaire   +2 more sources

Do Central Bank Communications Influence Survey of Professional Forecasters? An Empirical Investigation

Business Perspectives and Research, 2023
The present study contributes to our understanding regarding private-sector inflation expectations and how central bank communications influence them in an emerging economy like India.
P. Kapoor, Sujata Kar
semanticscholar   +1 more source

Inattentive professional forecasters

open access: yesJournal of Monetary Economics, 2013
Using the ECB Survey of Professional Forecasters to characterize expectations at the micro-level, we emphasize two new facts: forecasters (i) fail to systematically update their forecasts and (ii) disagree even when updating.
Philippe Andrade, Hervé Le Bihan
exaly   +2 more sources

Disciplining growth‐at‐risk models with survey of professional forecasters and Bayesian quantile regression

Journal of Forecasting
This study presents a novel and fully probabilistic approach for combining model‐based forecasts with surveys or other judgmental forecasts. In our method, survey forecasts are integrated as penalty terms for the model parameters, facilitating a ...
Milan Szabo
semanticscholar   +1 more source

Growth forecast revisions over business cycles: Evidence from the Survey of Professional Forecasters

Economics Letters, 2020
Abstract This paper studies how expectations regarding current and future output growth are revised as the state of the economy evolves. We study this issue using GDP growth forecasts from the Survey of Professional Forecasters. We find an asymmetric relationship between forecast revisions and GDP growth.
Huh, Sungjun, Kim, Insu
openaire   +1 more source

Forecast disagreement in the Survey of Professional Forecasters [PDF]

open access: possibleBusiness Review, 2014
To enact effective policies and spend resources efficiently, firms, policymakers, and markets need accurate economic forecasts. But even though economists generally work with similar models and data, their projections often range widely. To better understand why, Keith Sill explores what the evidence and theories say about how forecasters form their ...
openaire  

Introducing: the survey of professional forecasters [PDF]

open access: yes, 1993
Forecasts play a crucial role in the economy. Businesses won\u27t hire workers as readily if they think the economy may go into a recession soon. Long-term interest rates will rise if people in the financial markets expect inflation to increase.
Croushore, Dean D.
openaire   +2 more sources

Home - About - Disclaimer - Privacy