Gubaydullina, Zulia; Hein, Oliver; Spiwoks, Markus - In: Journal of applied finance & banking 1 (2011) 1, pp. 31-51
status quo bias. We evaluated interest rate forecast series from twelve industrial nations. This revealed that, on average …, forecasts were much too close to the status quo - the current interest rate at the time when the forecast was made. With the aid …
