Jongen, Ron; Verschoor, Willem F.C.; Wolff, Christian C.P. - In: Journal of Economic Dynamics and Control 36 (2012) 5, pp. 719-735
This paper combines survey forecasts with a heterogeneous agent model to examine the dispersion of expectations of … fundamental, technical, and carry trade analyses. We estimate a heterogeneous agent model on the survey forecasts and show that …