Fujiwara, Ippei; Ichiue, Hibiki; Nakazono, Yoshiyuki; … - In: Economics Letters 118 (2013) 3, pp. 526-530
This paper evaluates professional forecasters’ behavior using a panel data of individual forecasts. We find that (i) professional forecasts are behavioral, and (ii) there exists a stock–bond dissonance: the forecasting behavior seems to be stubborn in the stock market, but jumpy in the bond...