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http://hdl.handle.net/10419/59528
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| Title: | | House price forecasts in times of crisis: Do forecasters herd?  |
| Authors: | | Pierdzioch, Christian Rülke, Jan Christoph Stadtmann, Georg |
| Issue Date: | | 2012 |
| Series/Report no.: | | Discussion Paper, European University Viadrina, Department of Business Administration and Economics 318 |
| Abstract: | | We used Wall Street Journal survey data for the period 2006 - 2010 to analyze whether forecasts of house prices and housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away from) the consensus forecast. We found that anti-herding is prevalent among forecasters of house prices, where anti-herding is less strong in the case of medium-term forecasts, especially in the case of housing starts. |
| Subjects: | | Forecasts of house prices and housing starts Herding |
| JEL: | | E37 D84 C33 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Europa-Universität Viadrina
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