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The Role of Media for Inflation Forecast Disagreement of Households and Professional Forecasters

✍ Scribed by MICHAEL J. LAMLA; THOMAS MAAG

Book ID: 117961514
Publisher: John Wiley and Sons
Year: 2012
Tongue: English
Weight: 763 KB
Volume: 44
Category: Article
ISSN: 0022-2879
DOI: 10.1111/j.1538-4616.2012.00534.x

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## Abstract This paper investigates the relationship between forecast accuracy and effort, where effort is defined as the number of times the model used to generate forecasts is recursively estimated over the full sample period. More specifically, within a framework of costly effort, optimal effort