Herding and anchoring in macroeconomic forecasts: the case of the PMI
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DOI: 10.1007/s00181-017-1306-6
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- Robert Lehmann & Magnus Reif, 2020. "Tracking and Predicting the German Economy: ifo vs. PMI," CESifo Working Paper Series 8145, CESifo.
- Qiu, Yajie & Deschamps, Bruno & Liu, Xiaoquan, 2024. "Uncertainty and macroeconomic forecasts: Evidence from survey data," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 463-480.
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More about this item
Keywords
(Anti)-herding; (Anti)-anchoring; PMI; Forecast accuracy; Panel data; Multiple biases;All these keywords.
JEL classification:
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
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