US inflation expectations and heterogeneous loss functions, 1968–2010

Michael Clements

No 270653, Economic Research Papers 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 respondentsí histogram forecasts, we find little evidence of asymmetric loss for the inflation forecasters.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 24
Date: 2012-03-28
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/270653/files/twerp_986.pdf (application/pdf)
https://ageconsearch.umn.edu/record/270653/files/twerp_986.pdf?subformat=pdfa (application/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:ags:uwarer:270653

DOI: 10.22004/ag.econ.270653

Access Statistics for this paper

More papers in Economic Research Papers from University of Warwick - Department of Economics
Bibliographic data for series maintained by AgEcon Search ().