Information rigidities: Comparing average and individual forecasts for a large international panel

We study forecasts of real GDP growth using a large panel of individual forecasts from 36 advanced and emerging economies over the period 1989–2010. We show that the degree of information rigidity in average forecasts is substantially higher than that in individual forecasts. Individual-level foreca...

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Veröffentlicht in:	International journal of forecasting 2015-01, Vol.31 (1), p.144-154
Hauptverfasser:	Dovern, Jonas, Fritsche, Ulrich, Loungani, Prakash, Tamirisa, Natalia
Format:	Artikel
Sprache:	eng
Schlagworte:	Aggregation bias Comparative analysis Economic forecasting Economic growth Economic models Emerging markets Forecast behavior GDP Gross Domestic Product Growth forecasts Information rigidity Rational inattention Studies
Online-Zugang:	Volltext
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