Dovern, Jonas; Fritsche, Ulrich; Loungani, Prakash; … - In: International Journal of Forecasting 31 (2015) 1, pp. 144-154
We study forecasts of real GDP growth using a large panel of individual forecasts from 36 advanced and emerging economies over the period 1989–2010. We show that the degree of information rigidity in average forecasts is substantially higher than that in individual forecasts. Individual-level...