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The role of media for inflation forecast disagreement of households and professional forecasters

Maag, Thomas; Lamla, Michael - 2009

This paper investigates the effects of media coverage and macroeconomic conditions on inflation forecast disagreement of German households and professional forecasters. We adopt a Bayesian learning model in which media coverage of inflation affects forecast disagreement by influencing...

Persistent link: https://www.econbiz.de/10003908680

Wissen für demokratische Entscheidungen

Kruse, Jörn - 2009

Persistent link: https://www.econbiz.de/10003909001

Does disagreement amongst forecasters have predictive value?

Legerstee, Rianne; Franses, Philip Hans - 2010

Persistent link: https://www.econbiz.de/10008664072

What do outside experts bring to a committee? : evidence from the Bank of England

Hansen, Stephen; McMahon, Michael - 2010

Persistent link: https://www.econbiz.de/10008664186

Influential opinion leaders

Steiner, Jakub; Stewart, Colin - 2010

We present a simple model of elections in which experts with special interests endorse candidates and endorsements are … observed by the voters. We show that the equilibrium election outcome is biased towards the experts' interests even though … decentralized in the sense that individual experts have no incentive to exert influence. The effect arises when some agents prefer …