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Do Current Account Forecasters Herd? Evidence from the Euro Area and the G7 Countries

✍ Scribed by Michael Frenkel; Jan-C. Rülke; Lilli Zimmermann

Book ID
115219873
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
315 KB
Volume
20
Category
Article
ISSN
0965-7576

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✍ Ralf Fendel; Eliza M. Lis; Jan-Christoph Rülke 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 847 KB

## Abstract This paper uses monthly survey data for the G7 countries for the time period 1989–2007 to explore the link between expectations on nominal wages, prices and unemployment rates as suggested by the wage and price Phillips curves. Four major findings stand out. First, we find that survey p