Pierdzioch, Christian; Rülke, Jan Christoph; … - In: Energy Economics 32 (2010) 6, pp. 1456-1459
We used the oil-price forecasts of the Survey of Professional Forecasters published by the European Central Bank to analyze whether oil-price forecasters herd or anti-herd. Oil-price forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away from)...