publication . Other literature type . Article . Book . 2013

US Inflation Expectations

Michael Clements;
English
  • Published: 19 Dec 2013
  • Publisher: Unknown
  • Country: United Kingdom
Abstract
Recent literature has suggested that macroeconomic forecasters may have asymmetric loss functions, and that there may be heterogeneity across forecasters in the degree to which they weigh under- and over-predictions. Using an individual-level analysis that exploits the Survey of Professional Forecasters respondents’ histogram forecasts, we find little evidence of asymmetric loss for the inflation forecasters. Copyright © 2013 John Wiley & Sons, Ltd.
Subjects
free text keywords: Financial Economics, Disagreement, forecast uncertainty, asymmetric loss, Survey of Professional Forecasters, HB, Management Science and Operations Research, Strategy and Management, Statistics, Probability and Uncertainty, Modelling and Simulation, Computer Science Applications, Inflation, media_common.quotation_subject, media_common, Economics, Econometrics
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