Do interest-rate forecasters herd? International evidence

Christian and Jan-Christoph R�lke

Applied Economics Letters, 2014, vol. 21, issue 2, 93-98

Abstract: Results of earlier empirical research on whether survey data on forecasts of interest rates exhibit signs of forecaster herding are mixed. We reconsider the question of forecaster herding using a large international data set of interest-rate forecasts. We do not find much evidence of forecaster herding. Rather, forecasters seem to anti-herd, that is, they seem to intentionally scatter their interest-rate forecasts around the consensus forecast.

Date: 2014
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DOI: 10.1080/13504851.2013.842636

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