Inattentive professional forecasters

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Inattentive professional forecasters

Using the ECB Survey of Professional Forecasters to characterize expectations at the micro-level, we emphasize two new facts: forecasters (i) fail to systematically update their forecasts and (ii) disagree even when updating. It is moreover found that forecasters have predictable forecast errors. Th...

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Bibliographic Details
Main Authors:	Le Bihan, Herve, Andrade, P.
Format:	Journal Article
Published:	2013
Online Access:	http://hdl.handle.net/20.500.11937/55886

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