US inflation expectations and heterogeneous loss functions, 1968–2010
No 270653, Economic Research Papers from University of Warwick - Department of Economics
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 respondentsí histogram forecasts, we find little evidence of asymmetric loss for the inflation forecasters.
Keywords: Financial; Economics (search for similar items in EconPapers)
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Journal Article: US Inflation Expectations and Heterogeneous Loss Functions, 1968–2010 (2014)
Working Paper: US inflation expectations and heterogeneous loss functions, 1968–2010 (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:270653
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