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Several recent empirical papers assert that the decision to disclose an earnings forecast shortly before the actual … dynamic model of voluntary disclosure, we show that the decision to disclose a short-term earnings forecast reveals managers … decision to disclose a short-term earnings forecast predicts earnings three years beyond the forecasted period, and that the …
Persistent link: https://www.econbiz.de/10013245221
Zeitpunkten werden präsentiert und diskutiert. -- Mehrländermodell ; Prognose ; Bayesianische Ökonometrie …
Persistent link: https://www.econbiz.de/10003950731
The "Gemeinschaftsdiagnose" [Joint Diagnosis (JD)] is the most influential semi-annual macroeconomic forecast in … forecasts to influence the JD forecast? Results show that there is no strong evidence of bias or inefficiency of the institutes …
Persistent link: https://www.econbiz.de/10010425226
betrachtet. Es zeigt sich, daß eine Reihe von Indikatoren für eine kurzfristige Prognose geeignet sind, daß aber eine Prognose … forecast horizons or for the prediction of turning points …
Persistent link: https://www.econbiz.de/10011495601
Based on German business cycle forecast reports covering 10 German institutions for the period 1993-2017, the paper …
Persistent link: https://www.econbiz.de/10012293448
In this paper, we examine the predictive ability of automatic and expert-rated media sentiment indicators for German inflation. We find that sentiment indicators are competitive in providing inflation forecasts against a large set of common macroeconomic and financial predictors. Sophisticated...
Persistent link: https://www.econbiz.de/10011644446
quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden …. Our results show that we can significantly increase forecast accuracy compared to an autoregressive benchmark model, both …
Persistent link: https://www.econbiz.de/10011685344
The Eurosystem staff forecasts are conditional on the financial markets, the global economy and fiscal policy outlook, and include expert judgement. We develop a multi-country BVAR for the four largest countries of the euro area and we show that it provides accurate conditional forecasts of...
Persistent link: https://www.econbiz.de/10011975386
This paper investigates the effects of media coverage and macroeconomic conditions on inflation forecast disagreement … inflation affects forecast disagreement by influencing information sets as well as predictor choice. Our empirical results show … and professionals primarily depends on the current rate of inflation. -- forecast disagreement ; inflation expectations …
Persistent link: https://www.econbiz.de/10003908680
Do firms learn to forecast future business conditions after major structural changes to the economy? How long does it … distribution of market states, to test a Bayesian learning framework. As predicted, we find that Eastern firms initially forecast …
Persistent link: https://www.econbiz.de/10012857100