Showing 1 - 10 of 51
We describe the evolution of forecasts in the run-up to recessions. The GDP forecasts cover 63 countries for the years 1992 to 2014. The main finding is that, while forecasters are generally aware that recession years will be different from other years, they miss the magnitude of the recession...
Persistent link: https://www.econbiz.de/10012112326
Persistent link: https://www.econbiz.de/10009486263
-level records covering the whole universe of French firms. The quasi-random assignment of judges to cases reveals that judge bias … find that the uncertainty associated with the actual dispersion of judge bias is small and has a non-significant impact on …
Persistent link: https://www.econbiz.de/10012518274
show that optimism bias is greater the longer the forecast horizon …
Persistent link: https://www.econbiz.de/10012667445
Persistent link: https://www.econbiz.de/10012392484
IFC as the debt bias would shrink. However, when other considerations eclipse competence and give the incumbent a strong … electoral advantage or disadvantage, setting up an IFC may be counterproductive as the debt bias would increase. If the … bias if voters care sufficiently about policymakers' competence; (ii) not all political environments are conducive to the …
Persistent link: https://www.econbiz.de/10011799662
We define the plutocratic bias as the difference between inflation measured according to the current official CPI and a … democratic index in which all households receive the same weight. We estimate that during the 1990s the plutocratic bias in Spain … mean absolute bias is significantly larger, 0.090. We can explain most of the oscillations experimented by the plutocratic …
Persistent link: https://www.econbiz.de/10014400237
The recent Boskin Commission Report (1996) underscores a significant upward bias in CPI measurement in the United …
Persistent link: https://www.econbiz.de/10014401311
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …
Persistent link: https://www.econbiz.de/10014401318
We analyze a unique data set and uncover a remarkable result that casts a new light on the home bias phenomenon. The … play an important role in equity home bias and that the benefits of international risk sharing are limited to select firms …
Persistent link: https://www.econbiz.de/10014403970