Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/230229
Autoren: 
Beckmann, Joscha
Czudaj, Robert L.
Datum: 
2020
Quellenangabe: 
[Journal:] Journal of Forecasting [ISSN:] 1099-131X [Volume:] 39 [Issue:] 7 [Pages:] 1001-1024
Zusammenfassung: 
This paper focuses on the expectation formation process of professional forecasters by relying on survey data on forecasts regarding gross domestic product growth, consumer price index inflation and 3‐month interest rates for a broad set of countries. We examine the interrelation between macroeconomic forecasts and also the impact of uncertainty on forecasts by allowing for cross‐country interdependencies and time variation in the coefficients. We find that professional forecasts are often in line with the Taylor rule and identify significant expectation spillovers from monetary policy in the USA.
Schlagwörter: 
expectations
forecasts
survey data
uncertainty
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
http://creativecommons.org/licenses/by/4.0/
Dokumentart: 
Article
Dokumentversion: 
Published Version

Datei(en):
Datei
Größe
5.53 MB





Publikationen in EconStor sind urheberrechtlich geschützt.