Kladívko, Kamil; Österholm, Pär - 2022
Inflation Expectations survey perform relative to the random-walk forecast when it comes to predicting five financial variables …. Using data from 2001 to 2022, our results indicate that the analysts are able to significantly outperform the random-walk …-year interest rate swap rate, the random walk significantly outperforms the analysts at both the one-month and one-year forecasting …