Skip to main content
Log in

On the herding instinct of interest rate forecasters

  • Published:
Empirical Economics Aims and scope Submit manuscript

Abstract.

It is not uncommon to observe the published forecasts of economic commentators closely bunched together over long periods of time. In our case, the phenomenon is observed for eight national panels of economists who report monthly forecasts. A framework is developed that conveniently nests within it several simple, yet plausible forecasting rules, and allows us to explore the extent of the clustering phenomenon.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

Author information

Authors and Affiliations

Authors

Additional information

First version received: June 1999/Final version received: February 2001

Rights and permissions

Reprints and permissions

About this article

Cite this article

Bewley, R., Fiebig, D. On the herding instinct of interest rate forecasters. Empirical Economics 27, 403–425 (2002). https://doi.org/10.1007/s001810100088

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/s001810100088

Navigation