Pierdzioch, Christian; Stadtmann, Georg; Schäfer, Dirk - In: Credit and Capital Markets 44 (2011) 4, pp. 465-490
We analyze whether exchange-rate forecasters herd. To this end, we lay out two widely studied theoretical models of forecaster herding. The models illustrate why forecasters may herd. We then empirically analyze whether forecasts of the Yen/ Dollar, Swiss franc/Dollar, German mark/Dollar, and...