Gallo, Giampiero M.; Granger, Clive W.J.; Jeon, Yongil - In: IMF Staff Papers 49 (2002) 1, pp. 2-2
This paper presents evidence, using data from Consensus Forecasts, that there is an "attraction" to conform to the mean forecasts; in other words, views expressed by other forecasters in the previous period influence individuals' current forecast. The paper then discusses--and provides further...
