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domestic product. We introduce the first leading indicator constructed to forecast import growth, the Import Climate. It builds …Globalization has led to huge increases in import volumes, increasing the importance of imports for total output. Since … imports are a volatile component, they are difficult to forecast and strongly influence the forecast accuracy of gross …
Persistent link: https://www.econbiz.de/10011980329
Globalization has led to huge increases in import volumes, but the literature on import forecasting is still in its … infancy. We introduce the first leading indicator especially constructed for total import growth, the so-called Import Climate …. It builds on the idea that the import demand of the domestic country should be reflected in the expected export …
Persistent link: https://www.econbiz.de/10011862823
domestic product. We introduce the first leading indicator constructed to forecast import growth, the Import Climate. It builds …Globalization has led to huge increases in import volumes, increasing the importance of imports for total output. Since … imports are a volatile component, they are difficult to forecast and strongly influence the forecast accuracy of gross …
Persistent link: https://www.econbiz.de/10012019136
Globalization has led to huge increases in import volumes, but the literature on import forecasting is still in its … infancy. We introduce the first leading indicator especially constructed for total import growth, the so-called Import Climate …. It builds on the idea that the import demand of the domestic country should be reflected in the expected export …
Persistent link: https://www.econbiz.de/10011872136
Using a modified DCC-MIDAS specification that allows the long-term correlation component to be a function of multiple explanatory variables, we show that the stock-bond correlation in the US, the UK, Germany, France, and Italy is mainly driven by inflation and interest rate expectations as well...
Persistent link: https://www.econbiz.de/10011745369
Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and discuss theoretical explanations for heterogeneous...
Persistent link: https://www.econbiz.de/10014472058
Persistent link: https://www.econbiz.de/10014384527
lagged consensus forecast about the period being forecast. We find that all three biases are present in the Survey of … forecast to form expectations is a rather smart thing to do if cognitive limitations and biases cause any attempt to build an … own rational forecast to fail. …
Persistent link: https://www.econbiz.de/10012253204
We experimentally analyzed whether (anti-)herding behavior of forecasters in sport-betting markets is influenced by the incentive structure of the market (winner-takes-all vs. equal payment of most accurate forecasts) and by personal traits of forecasters. We found evidence of anti-herding in...
Persistent link: https://www.econbiz.de/10012542960
Persistent link: https://www.econbiz.de/10012489846