Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/59600 
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dc.contributor.authorPierdzioch, Christianen
dc.contributor.authorRülke, Jan Christophen
dc.contributor.authorStadtmann, Georgen
dc.date.accessioned2012-07-10-
dc.date.accessioned2012-07-11T14:09:52Z-
dc.date.available2012-07-11T14:09:52Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/59600-
dc.description.abstractRecent price trends in housing markets may reflect herding of market participants. A natural question is whether such herding, to the extent that it occurred, reflects herding in forecasts of professional forecasters. Using survey data for Canada, Japan, and the United States, we did not find evidence of forecaster herding. On the contrary, forecasters anti-herd and, thereby, tend to intentionally scatter their forecasts around the consensus forecast. The extent of anti-herding seems to vary over time. For Canada and the United States, we found that more pronounced anti-herding leads to lower forecast accuracy.en
dc.language.isoengen
dc.publisher|aEuropean University Viadrina, Department of Business Administration and Economics |cFrankfurt (Oder)en
dc.relation.ispartofseries|aDiscussion Paper |x320en
dc.subject.jelE37en
dc.subject.jelD84en
dc.subject.jelC33en
dc.subject.ddc330en
dc.subject.keywordHousing startsen
dc.subject.keywordForecastingen
dc.subject.keywordHerdingen
dc.titleHousing starts in Canada, Japan, and the United States: Do forecasters herd?-
dc.typeWorking Paperen
dc.identifier.ppn719122678en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:euvwdp:320en

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