Volume 28 Issue 2 (April-June 2012)

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Do professional forecasters pay attention to data releases?

Clements, M.P.

Pages 297-308

Abstract

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.

Keywords: Survey expectations , Data revisions , Inattention

FULL TEXT LINK

http://dx.doi.org/10.1016/j.ijforecast.2011.09.001

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