This study classifies analysts' earnings forecasts as "herding" or "bold" and finds that (1) boldness likelihood increases with the analyst's prior accuracy, brokerage size, and experience and declines with the number of industries the analyst follows, consistent with theory linking boldness...

This article investigates the relationship between inflation and inflation uncertainty, and the impact of monetary policy on this relationship using monthly Turkish inflation data over January 1984 to-October 2005. The results from various types of GARCH-M models indicate that higher inflation...