Do professional forecasters pay attention to data releases?

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.

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Year of publication:	2012
Authors:	Clements, Michael P.
Published in:	International Journal of Forecasting. - Elsevier, ISSN 0169-2070. - Vol. 28.2012, 2, p. 297-308
Publisher:	Elsevier
Subject:	Survey expectations \| Data revisions \| Inattention

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010573790