Arbeitspapier
House price forecasts in times of crisis: Do forecasters herd?
We used Wall Street Journal survey data for the period 2006 - 2010 to analyze whether forecasts of house prices and housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away from) the consensus forecast. We found that anti-herding is prevalent among forecasters of house prices, where anti-herding is less strong in the case of medium-term forecasts, especially in the case of housing starts.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper ; No. 318
- Klassifikation
-
Wirtschaft
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Expectations; Speculations
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
- Thema
-
Forecasts of house prices and housing starts
Herding
Immobilienpreis
Informationsmarkt
Herdenverhalten
Schätzung
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pierdzioch, Christian
Rülke, Jan Christoph
Stadtmann, Georg
- Ereignis
-
Veröffentlichung
- (wer)
-
European University Viadrina, Department of Business Administration and Economics
- (wo)
-
Frankfurt (Oder)
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pierdzioch, Christian
- Rülke, Jan Christoph
- Stadtmann, Georg
- European University Viadrina, Department of Business Administration and Economics
Entstanden
- 2012
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