References
- Ashiya , M . 2003a . The directional accuracy of 15-months-ahead forecasts made by the IMF . Applied Economics Letters , 10 : 331 – 3 .
- Ashiya , M . 2003b . Testing the rationality of Japanese GDP forecasts: the sign of forecast revision matters . Journal of Economic Behavior and Organization , 50 : 263 – 9 .
- Bewley , R and Fiebig , DG . 2002 . On the herding instinct of interest rate forecasters . Empirical Economics , 27 : 403 – 25 .
- Ehrbeck , T and Waldmann , R . 1996 . Why are professional forecasters biased? Agency versus behavioral explanations . Quarterly Journal of Economics , 111 : 21 – 40 .
- Fildes , R and Stekler , H . 2002 . The state of macroeconomic forecasting . Journal of Macroeconomics , 24 : 435 – 68 .
- Gallo , GM , Granger , CWJ and Jeon , Y . 2002 . Copycats and common swings: the impact of the use of forecasts in information sets . IMF Staff Papers , 49 : 4 – 21 .
- Gregory , AW and Yetman , J . 2004 . The evolution of consensus in macroeconomic forecasting . International Journal of Forecasting , 20 : 461 – 73 .
- Harvey , DI , Leybourne , SJ and Newbold , P . 2001 . Analysis of a panel of UK macroeconomic forecasts . Econometrics Journal , 4 : 37 – 55 .
- Joutz , F and Stekler , HO . 1998 . Data revisions and forecasting . Applied Economics , 30 : 1000 – 16 .
- Keane , MP and Runkle , DE . 1990 . Testing the rationality of price forecasts: new evidence from panel data . American Economic Review , 80 : 714 – 35 .
- Laster , D , Bennett , P and Geoum , IS . 1999 . Rational bias in macroeconomic forecasts . Quarterly Journal of Economics , 114 : 293 – 318 .
- Löffler , G . 1998 . Biases in analyst forecasts: cognitive, strategic or second best? . International Journal of Forecasting , 14 : 261 – 75 .
- Pons-Novell , J . 1999 . Evaluating the OECD's forecasts for economic growth . Applied Economics , 19 : 53 – 63 .
- Pons-Novell , J . 2001 . Behavioural biases among interest rate forecasters? . Applied Financial Economics , 11 : 319 – 21 .
- Pons-Novell , J . 2003 . Strategic bias, herding behaviour and economic forecasts . Journal of Forecasting , 22 : 67 – 77 .
- Shirm , DC . 2003 . A comparative analysis of the rationality of consensus forecasts of U.S. economic indicators . Journal of Business , 76 : 547 – 61 .
- Stekler , HO . 2002 . “ The rationality and efficiency of individuals’ forecasts ” . In A companion to economic forecasting , Edited by: Clements , P and Hendry , DF . Oxford : Blackwell .
- Vuchelen , J and Gutierrez , MI . 2005 . Do the OECD 24 month horizon growth forecasts for the G-7 countries contain information? . Applied Economics , 37 : 855 – 62 .