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, higher forecast accuracy, and lower forecast dispersion. Moreover, the effect of product market power on analyst following … and forecast properties is more pronounced in countries with less effective competition laws and higher entry costs. These …
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Financial crises pose unique challenges for forecast accuracy. Using the IMF's Monitoring of Fund Arrangement (MONA … informational value as they consistently outperform naive forecast approaches. However, we also document that there is room for … improvement: two thirds of the key macroeconomic variables that we examine are forecast inefficiently and 6 variables (growth of …
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document that all of them signi ficantly aff ect both the absolute forecast error on EPS and its standard deviation controlling … for forecast horizon, number of analysts and forecasts, and for year, industry, broker house eff ects. Consistently with …
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policy. The article focuses on inflation forecast targeting (IFT) at the Czech National Bank (CNB) in terms of its efficiency … IFT implementation. Finally the existence of the interdependences of inflation forecast, optimal policy paths and … inflation expectations are analyzed. Credibility of the central bank, accuracy of the forecast and decision-making procedures …
Persistent link: https://www.econbiz.de/10012002259
This paper analyses the distribution of long-term inflation expectations in the euro area using individual density forecasts from the ECB Survey of Professional Forecasters. We exploit the panel dimension in this dataset to examine whether this distribution became less stable following the Great...
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