Ruelke, Jan-Christoph; Tillmann, Peter - 2010
-Hawkins Report to Congress. In this paper we use individual FOMC forecasts to assess whether these forecasts exhibit herding behavior …, a pattern often found in private sector forecasts. While growth and unemployment forecast do not show herding behavior …, the in ation forecasts show strong evidence of anti-herding, i.e. FOMC members intentionally scatter their forecasts …
