US inflation expectations and heterogeneous loss functions, 1968–2010
Michael Clements
The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics
Abstract:
The recent literature has suggested that macroeconomic forecasters may have asymmetric loss functions, and that there may be heterogeneity across forecasters in the degree to which they weigh under and over-predictions. Using an individual-level analysis that exploits the SPF respondents’ histogram forecasts, we find little evidence of asymmetric loss for the in‡ation forecasters. Key words: Disagreement ; forecast uncertainty ; asymmetric loss ; Survey of Professional Forecasters JEL Classification: C53 ; E31 ; E37
Date: 2012
New Economics Papers: this item is included in nep-cba, nep-for, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://warwick.ac.uk/fac/soc/economics/research/w ... s/2012/twerp_986.pdf
Related works:
Journal Article: US Inflation Expectations and Heterogeneous Loss Functions, 1968–2010 (2014) 
Working Paper: US inflation expectations and heterogeneous loss functions, 1968–2010 (2012) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:986
Access Statistics for this paper
More papers in The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Margaret Nash ().