Ager, Philipp; Kappler, Marcus; Osterloh, Steffen - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007
In this paper we analyze the macroeconomic forecasts of the Consensus Forecasts for 12 countries over the period from 1996 to 2006 regarding bias and information efficiency. A pooled approach is employed which permits the evaluation of all forecasts for each target variable over 24 horizons...
