Showing 1 - 10 of 3,017
errors either in the form of numbers or graphs; and in the fourth treatment (Forecast), participants are offered a forecast … to Baseline, b) Feedback-N, Feedback-G, and Forecast significantly reduce bias relative to both Baseline and Step, c) the …
Persistent link: https://www.econbiz.de/10012288390
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10013110732
Persistent link: https://www.econbiz.de/10011746905
Expectations are highly relevant for macroeconomic dynamics. Yet, the empirical evidence about properties of corporate macroeconomic expectations is scarce. Using new survey data on quantitative growth expectations of firms in Germany, we show that expectations are highly dispersed. The degree...
Persistent link: https://www.econbiz.de/10012194628
Expectations are highly relevant for macroeconomic dynamics. Yet, the empirical evidence about properties of corporate macroeconomic expectations is scarce. Using new survey data on quantitative growth expectations of firms in Germany, we show that expectations are highly dispersed. The degree...
Persistent link: https://www.econbiz.de/10012261779
This study provides a toolkit to nowcast, or produce early estimates of, gross domestic product (GDP) growth in India. We use a dynamic factor model (DFM) to nowcast GDP growth in India on a quarterly basis from January 2000 to December 2018. The DFM methodology offers a powerful and tractable...
Persistent link: https://www.econbiz.de/10012110450
Households in developing countries are exposed to increasingly extreme weather events that could endanger their … show that extreme weather events have long-term negative consequences on households and underscore the need for systematic …
Persistent link: https://www.econbiz.de/10011917319
With the increasing frequency and intensity of extreme weather events due to climate change, assessing the potential …-off extreme weather event can have persistent effects on household-level asset growth. Our focus is on the effect of a once-in-50 … addition, the intensity of the extreme weather event is a strong predictor for abandoning the herding economy, which leads to …
Persistent link: https://www.econbiz.de/10011900733
Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF)
Persistent link: https://www.econbiz.de/10012961331
errors either in the form of numbers or graphs; and in the fourth treatment (Forecast), participants are offered a forecast … to Baseline, b) Feedback-N, Feedback-G, and Forecast significantly reduce bias relative to both Baseline and Step, c) the …
Persistent link: https://www.econbiz.de/10012823853