publication . Article . Book . 2013

US Inflation Expectations

Michael Clements;
Open Access
  • Published: 19 Dec 2013
  • Country: United Kingdom
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.
free text keywords: Management Science and Operations Research, Strategy and Management, Statistics, Probability and Uncertainty, Modelling and Simulation, Computer Science Applications, HB
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