Do Professional Forecasters Pay Attention to Data Releases?

Michael Clements

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: 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 re‡ect the latest releases of revised estimates of key data. Key words: Professional forecasters ; data revisions; inattention JEL classification: C53

Date: 2011
New Economics Papers: this item is included in nep-cba
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Related works:
Journal Article: Do professional forecasters pay attention to data releases? (2012)
Working Paper: Do Professional Forecasters Pay Attention to Data Releases? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:956

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