Do professional forecasters pay attention to data releases?
Clements, Michael P. (2011) Do professional forecasters pay attention to data releases? Working Paper. Coventry: University of Warwick. Dept. of Economics. Warwick economics research paper series (TWERPS), Vol.2011 (No.956).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
We present a novel approach to assessing the attentiveness of professional forecasters to news about the macroeconomy. We find evidence that professional forecasters, taken as a group, do not always update their estimates of the current state of the economy to reflect the latest releases of revised estimates of key data.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Economic forecasting|
|Series Name:||Warwick economics research paper series (TWERPS)|
|Publisher:||University of Warwick. Dept. of Economics|
|Place of Publication:||Coventry|
|Access rights to Published version:||Open Access|
Aruoba, S. B. (2008). Data revisions are not well-behaved. Journal of Money, Credit and Banking,
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