implications for forecast efficiency and the stock market. We find that the two sets of forecasts strongly covary over the 1984 to … aggregate earnings, the converse is not true. Additional tests suggest that analysts underreact to economists' negative forecast … revisions (i.e., aggregate earnings forecast errors are predictably more negative following economists' downward forecast …

significant government ownership issued relatively less pessimistic (or more optimistic) earnings forecasts, earnings-forecast …

I use controlled experiments to investigate the joint effects of forecast precision and forecast uncertainty on … investor judgments. I find that forecast precision moderates the effects of forecast uncertainty on investors’ forecast … reliability judgments such that the effects of forecast uncertainty on investors’ judgments of forecast reliability are more …

I investigate the dynamics of analyst forecast errors relative to economic policy uncertainty and find a significant … positive relation between economic policy uncertainty and analyst forecast errors. A doubling of economic policy uncertainty is … associated with a 4.29 percentage points increase in earnings (EPS) forecast errors, and the volatility and dispersion in analyst …

we expect to be associated with the prevalence of the analyst walk-down forecast pattern. Based on a large sample of 50 … forecast bias involves various forces including a country's institutional infrastructure, and firm and analyst characteristics …