that heterogeneity of traders' beliefs is evident from the results but that it is not possible to explain such …

absence of rational expectations or by risk premia in the foreign exchange market. By means of survey data, this study … demonstrates that both aspects are indeed important. On the one hand, survey expectations deviate systematically from future …

general, this is achieved by specifying nonlinear interactions of otherwise linear asset price expectations of the respective … trader groups. This paper investigates whether or not regressive and extrapolative expectations themselves exhibit … Professional Forecasters on oil price expectations. In particular, we find that forecasters form destabilizing expectations in the …

general, this is achieved by specifying nonlinear interactions of otherwise linear asset price expectations of the respective … trader groups. This paper investigates whether or not regressive and extrapolative expectations themselves exhibit … Professional Forecasters on oil price expectations. In particular, we find that forecasters form destabilizing expectations in the …

Using Consensus Economics survey data on experts' expectations, we aim to model the 3- and 12-month ahead ex-ante risk …

driven by carry trade activity, which is itself is driven by expectations of carry trade profits. However, carry trading …

analyze how forecasters form their expectations. Our findings indicate that the extrapolative as well as the regressive … to the random walk benchmark. We test the hypothesis of rational expectations by relying on the criteria of unbiasedness …

general, this is achieved by specifying nonlinear interactions of otherwise linear asset price expectations of the respective … trader groups. This paper investigates whether or not regressive and extrapolative expectations themselves exhibit … Professional Forecasters on oil price expectations. In particular, we find that forecasters form destabilizing expectations in the …