Do Professional Forecasters Pay Attention to Data Releases?
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
Year of publication: |
2011
|
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Authors: | Clements, Michael P |
Institutions: | Department of Economics, University of Warwick |
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