A note on the anti-herding instinct of interest rate forecasters

Christian Pierdzioch and Jan-Christoph Rülke ()

Empirical Economics, 2013, vol. 45, issue 2, 665-673

Abstract: With regard to interest rate forecasts, earlier researchers have found mixed evidence of forecaster herding. Using the Livingston survey data, we reexamined the case for forecaster herding. We did not find evidence of forecaster herding. On the contrary, we found strong evidence of forecaster anti-herding. Copyright Springer-Verlag 2013

Keywords: Interest rates; Forecasting; (Anti-)herding; G17; E43; E47 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s00181-012-0630-0

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