Pierdzioch, Christian; Rülke, Jan-Christoph; … - In: Applied Economics Letters 19 (2012) 18, pp. 1759-1763
We used the yen/dollar exchange-rate forecasts of the <italic>Wall Street Journal</italic> (WSJ) poll to analyse whether exchange-rate forecasters have an asymmetric loss function. To this end, we applied an approach recently developed by Elliott <italic>et al</italic>. (2005). We found that only few forecasters seem to form...