127
Views
5
CrossRef citations to date
0
Altmetric
Original Articles

Do interest-rate forecasters herd? International evidence

&

References

  • Berger, H., Ehrmann, M. and Fratzscher, M. (2009) Forecasting ECB monetary policy: accuracy is (still) a matter of geography, European Economic Review, 53, 1028–41.
  • Berger, H., Ehrmann, M. and Fratzscher, M. (2011) Geography or skills: what explains Fed watchers' forecast accuracy of US monetary policy?, Journal of Macroeconomics, 33, 420–37.
  • Bernhardt D., Campello M. and Kutsoati E. (2006) Who herds? Journal of Financial Economics, 80, 657–75.
  • Bewley, R. and Fiebig, D. G. (2002) On the herding instinct of interest rate forecasters, Empirical Economics, 27, 403–25.
  • Friedman, B. (1980) Survey evidence on the rationality of interest rate expectations, Journal of Money, Credit and Banking, 6, 453–65.
  • Froot, K. A. (1989) New hope for the expectations hypothesis of the term structure of interest rates, Journal of Finance, 44, 283–305.
  • Froot, K. A., Scharfstein, D. S. and Stein, J. C. (1992) Herd on the street: informational inefficiencies in a market with short-term speculation, Journal of Finance, 52, 1461–84.
  • Greer, M. (2003) Directional accuracy tests of long-term interest rate forecasts, International Journal of Forecasting, 19, 291–8.
  • Kolb, R. A. and Stekler, H. O. (1996). How well do analysts forecast interest rates? Journal of Forecasting, 15, 385–94.
  • Laster, D., Bennett, P. and Geoum, I. S. (1999) Rational bias in macroeconomic forecasts, Quarterly Journal of Economics, 114, 293–318.
  • Mitchell, K. and Pearce, D. K. (2007) Professional forecasts of interest rates and exchange rates: evidence from the Wall Street Journal's panel of economists, Journal of Macroeconomics, 29, 840–54.
  • Pierdzioch, C. and Rülke, J. C. (2013) A note on the anti-herding instinct of interest rate forecasters, Empirical Economics, 45, 665–73.
  • Pons-Novell, J. (2004) Behavioural biases among interest rate forecasters?, Applied Economics Letters, 11, 319–21.
  • Scharfstein, D. and Stein, J. (1990) Herd behavior and investment, American Economic Review, 80, 465–79.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.