Do professional forecasters pay attention to data releases?

Michael Clements

International Journal of Forecasting, 2012, vol. 28, issue 2, 297-308

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 reflect the latest releases of revised estimates of key data.

Keywords: Survey expectations; Data revisions; Inattention (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (15)

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Related works:
Working Paper: Do Professional Forecasters Pay Attention to Data Releases? (2011)
Working Paper: Do Professional Forecasters Pay Attention to Data Releases? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfor:v:28:y:2012:i:2:p:297-308

DOI: 10.1016/j.ijforecast.2011.09.001

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