Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59528
Authors: 
Pierdzioch, Christian
Rülke, Jan Christoph
Stadtmann, Georg
Year of Publication: 
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

Files in This Item:
File
Size
250.93 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.