Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59600
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dc.contributor.authorPierdzioch, Christianen_US
dc.contributor.authorRülke, Jan Christophen_US
dc.contributor.authorStadtmann, Georgen_US
dc.date.accessioned2012-07-10en_US
dc.date.accessioned2012-07-11T14:09:52Z-
dc.date.available2012-07-11T14:09:52Z-
dc.date.issued2012en_US
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_US
dc.language.isoengen_US
dc.publisher|aEuropa-Univ. Viadrina, Dep. of Business Administration and Economics |cFrankfurt, Oderen_US
dc.relation.ispartofseries|aDiscussion Paper, European University Viadrina, Department of Business Administration and Economics |x320en_US
dc.subject.jelE37en_US
dc.subject.jelD84en_US
dc.subject.jelC33en_US
dc.subject.ddc330en_US
dc.subject.keywordHousing startsen_US
dc.subject.keywordForecastingen_US
dc.subject.keywordHerdingen_US
dc.titleHousing starts in Canada, Japan, and the United States: Do forecasters herd?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn719122678en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:euvwdp:320-

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