Andrade, Philippe; Crump, Richard K.; Eusepi, Stefano; … - 2013
We study the term structure of disagreement of professional forecasters for key macroeconomic variables. We document a … of disagreement differs markedly across variables: the term structure is downward-sloping for real output growth …, relatively flat for CPI inflation, and upward-sloping for the federal funds rate; 3) disagreement is time varying at all horizons …