create a website

Inflation Forecasts and Forecaster Herding: Evidence from South African Survey Data. (2014). Pierdzioch, Christian ; GUPTA, RANGAN ; Reid, Monique B..
In: Working Papers.
RePEc:pre:wpaper:201455.

Full description at Econpapers || Download paper

Cited: 3

Citations received by this document

Cites: 27

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Directional analysis of consumers’ forecasts of inflation in a small open economy: evidence from South Korea. (2016). Tsuchiya, Yoichi ; Ahn, Young Bin.
    In: Applied Economics.
    RePEc:taf:applec:v:48:y:2016:i:10:p:854-864.

    Full description at Econpapers || Download paper

  2. Forecasting the South African inflation rate: On asymmetric loss and forecast rationality. (2016). Reid, Monique ; Pierdzioch, Christian ; GUPTA, RANGAN.
    In: Economic Systems.
    RePEc:eee:ecosys:v:40:y:2016:i:1:p:82-92.

    Full description at Econpapers || Download paper

  3. On the Directional Accuracy of Inflation Forecasts: Evidence from South African Survey Data. (2014). Reid, Monique ; Pierdzioch, Christian ; GUPTA, RANGAN.
    In: Working Papers.
    RePEc:sza:wpaper:wpapers229.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Adam K, M. Padula (2011). Inflation Dynamics and Subjective Expectations in the United States. Economic Inquiry 49: 13−25.

  2. Ashiya M., T. Doi. (2001). Herd behavior of Japanese Economists. Journal of Economic Behavior and Organization 46: 343−346.

  3. Bernhardt D., Campello M., E. Kutsoati (2006). Who Herds? Journal of Financial Economics 80: 657 − 675.

  4. Bewley, R., D. G. Fiebig (2002). On the Herding Instinct of Interest Rate Forecasters. Empirical Economics 27: 403−425.

  5. Bikchandani, S., S. Sharma (2001). Herd Behavior in Financial Markets. IMF Staff Papers 47: 279−310.

  6. Bikhchandani, S., D. Hirshleifer, I. Welch (1992). A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades. Journal of Political Economy 100: 992−1026.

  7. Bikhchandani, S., D. Hirshleifer, I. Welch (1998). Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades, Journal of Economic Perspectives 12: 151−170.

  8. Chang, E.C., Cheng, J.W., A. Khorana (2000). An examination of herd behavior in equity markets: An international perspective. Journal of Banking and Finance 24: 1651−1679.

  9. Clement, M.B., S.Y. Tse (2005). Financial Analyst Characteristics and Herding Behavior in Forecasting. Journal of Finance 60: 307−341.

  10. Del Negro, M., S. Eusepi (2011). Fitting Observed Inflation Expectations, Journal of Economic Dynamics and Control 35: 2105−2127.

  11. Drehmann, M., J. Oechssler, A. Roider (2005). Herding and Contrarian Behavior in Financial Markets: An Internet Experiment. American Economic Review 95: 1403−1426.

  12. Ehlers, N., M. R. Steinbach (2007). The formation of inflation expectations in South Africa. Working Paper WP/07/06, South African Reserve Bank.

  13. Ehrbeck, T., R. Waldmann (1996). Why are Professional Forecasters Biased? Agency versus Behavioral Explanations. Quarterly Journal of Economics 111: 21−40.

  14. Frenkel, M., Rülke, J.C., L. Zimmermann (2013). Do Private Sector Forecasters Chase After IMF or OECD Forecasts? Journal of Macroeconomics 37: 217−229.

  15. Friedman, M. (1977). Nobel Lecture: Inflation and Unemployment. Journal of Political Economy 85: 451−472.

  16. Fuhrer J. (2012). The Role of Expectations in Inflation Dynamics. International Journal of Central Banking 81: 137−165.
    Paper not yet in RePEc: Add citation now
  17. Ito T. (1990). Foreign Exchange Rate Expectations: Micro Survey Data. American Economic Review 80: 434−449.

  18. Kabundi, A., E. Schaling (2013). Inflation and Inflation Expectations in South Africa: An Attempt at Explanation. South African Journal of Economics 81: 346−355.

  19. Kabundi, A., Schaling, E., M. Some (2014). Monetary Policy and Heterogeneous Inflation Expectations in South Africa. Working Paper No. 422, Economic Research Southern Africa.

  20. Lamont, O.A. (2002). Macroeconomic Forecasts and Microeconomic Forecasters. Journal of Economic Behavior and Organization 48: 265−280.

  21. Laster D., Bennett, P., S. Geoum (1999). Rational Bias in Macroeconomic Forecasts. Quarterly Journal of Economics 114: 293−318.

  22. Naraidoo, R., R. Gupta (2010). Modelling Monetary Policy in South Africa: Focus on Inflation Targeting Era Using a Simple Learning Rule. International Business and Economics Research Journal 9: 89−98.

  23. Pierdzioch, C., J.C. Rülke (2013). Do Inflation Targets Anchor Inflation Expectations? Economic Modelling 35: 214−223.

  24. Pierdzioch, C., J.C. Rülke (2014). Do Interest-Rate Forecasters Herd? International Evidence. Applied Economics Letters 21: 93−98.
    Paper not yet in RePEc: Add citation now
  25. R Development Core Team (2014). R: A Language and Environment for Statistical Computing. Internet address: http://www.R-project.org.
    Paper not yet in RePEc: Add citation now
  26. Reid, M.B. (2012). Inflation Expectations of the Inattentive General Public. Working Paper No. 278, Economic Research Southern Africa.

  27. Reid, M.B., S. du Plessis (2011). Talking to the Inattentive Public: How the Media Translates the Reserve Bank’s Communications. Working Paper No. 254, Economic Research Southern Africa.

Cocites

Documents in RePEc which have cited the same bibliography

  1. The Formation of Expectations, Inflation and the Phillips Curve. (2017). Kamdar, Rupal ; Gorodnichenko, Yuriy ; Coibion, Olivier.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:23304.

    Full description at Econpapers || Download paper

  2. Expectations as a source of macroeconomic persistence: Evidence from survey expectations in a dynamic macro model. (2017). Fuhrer, Jeffrey.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:86:y:2017:i:c:p:22-35.

    Full description at Econpapers || Download paper

  3. Output gaps and the New Keynesian Phillips curve: An application of the Empirical Mode Decomposition. (2017). Lai, Ya-Wen.
    In: Economics Bulletin.
    RePEc:ebl:ecbull:eb-16-00665.

    Full description at Econpapers || Download paper

  4. Policy and Macro Signals as Inputs to Inflation Expectation Formation. (2016). Hubert, Paul ; Maule, Becky.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/79hle3i1b69dqrocqsjarh6lb1.

    Full description at Econpapers || Download paper

  5. Inflation expectations and low inflation in New Zealand. (2016). McDermott, Christopher ; Karagedikli, Ozer.
    In: Reserve Bank of New Zealand Discussion Paper Series.
    RePEc:nzb:nzbdps:2016/09.

    Full description at Econpapers || Download paper

  6. Do Inflation Expectations Granger Cause Inflation?. (2016). Österholm, Pär ; Par, Stockhammar .
    In: Working Papers.
    RePEc:hhs:oruesi:2016_004.

    Full description at Econpapers || Download paper

  7. Do Inflation Expectations Granger Cause Inflation?. (2016). Österholm, Pär ; Stockhammar, Par ; Osterholm, Par.
    In: Working Papers.
    RePEc:hhs:nierwp:0145.

    Full description at Econpapers || Download paper

  8. Policy and Macro Signals as Inputs to Inflation Expectation Formation. (2016). Hubert, Paul ; Maule, Becky.
    In: Documents de Travail de l'OFCE.
    RePEc:fce:doctra:1602.

    Full description at Econpapers || Download paper

  9. Inflation forecasts and forecaster herding: Evidence from South African survey data. (2016). Reid, Monique ; Pierdzioch, Christian ; GUPTA, RANGAN.
    In: Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
    RePEc:eee:soceco:v:62:y:2016:i:c:p:42-50.

    Full description at Econpapers || Download paper

  10. The new Keynesian Phillips curve: An update on recent empirical advances. (2016). Sgro, Pasquale ; Bhattacharya, Prasad ; Abbas, Syed.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:43:y:2016:i:c:p:378-403.

    Full description at Econpapers || Download paper

  11. Fundamental disagreement. (2016). Moench, Emanuel ; Crump, Richard ; Andrade, Philippe ; Eusepi, Stefano.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:83:y:2016:i:c:p:106-128.

    Full description at Econpapers || Download paper

  12. Forecasting inflation using survey expectations and target inflation: Evidence for Brazil and Turkey. (2016). Çakmaklı, Cem ; Altug, Sumru ; Akmakli, Cem.
    In: International Journal of Forecasting.
    RePEc:eee:intfor:v:32:y:2016:i:1:p:138-153.

    Full description at Econpapers || Download paper

  13. The New Keynesian Phillips Curve in multiple quantiles and the asymmetry of monetary policy. (2016). Yoon, Jai Hyung ; Lee, Dongjin.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:55:y:2016:i:c:p:102-114.

    Full description at Econpapers || Download paper

  14. How useful are measured expectations in estimation and simulation of a conventional small New Keynesian macro model?. (2016). Paloviita, Maritta ; Kortelainen, Mika ; Viren, Matti.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:52:y:2016:i:pb:p:540-550.

    Full description at Econpapers || Download paper

  15. Policy and macro signals as inputs to inflation expectation formation. (2016). Hubert, Paul ; Maule, Becky.
    In: Bank of England working papers.
    RePEc:boe:boeewp:0581.

    Full description at Econpapers || Download paper

  16. Direct Evidence on Sticky Information from the Revision Behavior of Professional Forecasters. (2015). Pearce, Douglas ; Mitchell, Karlyn.
    In: MPRA Paper.
    RePEc:pra:mprapa:66172.

    Full description at Econpapers || Download paper

  17. Dispersion of Inflation Expectations: Stylized Facts, Puzzles, and Macroeconomic Implications. (2015). Kim, Young Se ; Jang, Byeongdeuk.
    In: Korean Economic Review.
    RePEc:kea:keappr:ker-20150630-31-1-04.

    Full description at Econpapers || Download paper

  18. Expectations as a source of macroeconomic persistence: an exploration of firms and households expectation formation. (2015). Fuhrer, Jeffrey.
    In: Working Papers.
    RePEc:fip:fedbwp:15-5.

    Full description at Econpapers || Download paper

  19. Macroeconomic regimes. (2015). Moreno, Antonio ; Inghelbrecht, Koen ; Cho, Seonghoon ; Bekaert, Geert ; Baele, Lieven.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:70:y:2015:i:c:p:51-71.

    Full description at Econpapers || Download paper

  20. Optimal fiscal policy under learning. (2015). Caprioli, Francesco.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:58:y:2015:i:c:p:101-124.

    Full description at Econpapers || Download paper

  21. Forecasting Inflation using Survey Expectations and Target Inflation: Evidence for Brazil and Turkey. (2015). Çakmaklı, Cem ; Altug, Sumru ; Cakmakli, Cem.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10419.

    Full description at Econpapers || Download paper

  22. New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling. (2015). Smets, Frank ; Levin, Andrew ; Galí, Jordi ; Ehrmann, Michael ; Angeloni, Ignazio ; Aucremanne, Luc ; Gali, Jordi.
    In: Working Papers.
    RePEc:bge:wpaper:242.

    Full description at Econpapers || Download paper

  23. On the Directional Accuracy of Inflation Forecasts: Evidence from South African Survey Data. (2014). Reid, Monique ; Pierdzioch, Christian ; GUPTA, RANGAN.
    In: Working Papers.
    RePEc:sza:wpaper:wpapers229.

    Full description at Econpapers || Download paper

  24. Inflation Forecasts and Forecaster Herding: Evidence from South African Survey Data. (2014). Reid, Monique ; Pierdzioch, Christian ; GUPTA, RANGAN.
    In: Working Papers.
    RePEc:sza:wpaper:wpapers226.

    Full description at Econpapers || Download paper

  25. Inflation expectation dynamics: the role of past present and forward looking information. (2014). Hubert, Paul ; Harun, Mirza .
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/6g0gsihsjmn5snc9pb0hlas97.

    Full description at Econpapers || Download paper

  26. Disentangling qualitative and quantitative central bank influence. (2014). Hubert, Paul.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/2t6uivimtr9438i2qqu6kgfded.

    Full description at Econpapers || Download paper

  27. Inflation expectation dynamics: the role of past present and forward looking information. (2014). Hubert, Paul ; Harun, Mirza .
    In: Sciences Po Economics Discussion Papers.
    RePEc:spo:wpecon:info:hdl:2441/6g0gsihsjmn5snc9pb0hlas97.

    Full description at Econpapers || Download paper

  28. Inflation Forecasts and Forecaster Herding: Evidence from South African Survey Data. (2014). Pierdzioch, Christian ; GUPTA, RANGAN ; Reid, Monique B..
    In: Working Papers.
    RePEc:pre:wpaper:201455.

    Full description at Econpapers || Download paper

  29. Inflation Targeting and Inflation Expectations: Evidence for Brazil and Turkey. (2014). Çakmaklı, Cem ; Altug, Sumru ; Cakmakli, Cem.
    In: Koç University-TUSIAD Economic Research Forum Working Papers.
    RePEc:koc:wpaper:1413.

    Full description at Econpapers || Download paper

  30. Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve. (2014). Plagborg-Moller, Mikkel ; Mavroeidis, Sophocles ; Stock, James H.
    In: Scholarly Articles.
    RePEc:hrv:faseco:22795845.

    Full description at Econpapers || Download paper

  31. Disentangling qualitative and quantitative central bank influence. (2014). Hubert, Paul.
    In: Working Papers.
    RePEc:hal:wpaper:hal-01098464.

    Full description at Econpapers || Download paper

  32. Disentangling qualitative and quantitative central bank influence. (2014). Hubert, Paul.
    In: Documents de Travail de l'OFCE.
    RePEc:fce:doctra:1423.

    Full description at Econpapers || Download paper

  33. Inflation expectation dynamics:the role of past, present and forward looking information. (2014). Hubert, Paul ; Mirza, Harun.
    In: Documents de Travail de l'OFCE.
    RePEc:fce:doctra:1407.

    Full description at Econpapers || Download paper

  34. Phillips curve in Brazil: an unobserved components approach. (2014). Machado, Vicente ; Vicente da Gama Machado, ; Portugal, Marcelo Savino.
    In: Working Papers Series.
    RePEc:bcb:wpaper:354.

    Full description at Econpapers || Download paper

  35. .

    Full description at Econpapers || Download paper

  36. Macroeconomic Regimes. (2013). Moreno, Antonio ; Inghelbrecht, Koen ; Bekaert, Geert ; BAELE, L. ; CHO, S..
    In: Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium.
    RePEc:rug:rugwps:13/870.

    Full description at Econpapers || Download paper

  37. Fundamental disagreement. (2013). Moench, Emanuel ; Eusepi, Stefano ; Crump, Richard ; Andrade, Philippe.
    In: Staff Reports.
    RePEc:fip:fednsr:655.

    Full description at Econpapers || Download paper

  38. How have inflation dynamics changed over time? : Evidence from the euro area and USA. (2013). Paloviita, Maritta ; Oinonen, Sami ; Vilmi, Lauri.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2013_006.

    Full description at Econpapers || Download paper

  39. The New Keynesian Phillips Curves in Multiple Quantiles and the Asymmetry of Monetary Policy. (2012). Lee, Dong Jin ; Yoon, Jai Hyung.
    In: Working papers.
    RePEc:uct:uconnp:2012-03.

    Full description at Econpapers || Download paper

  40. Are individual survey expectations internally consistent?. (2012). Paloviita, Maritta ; Viren, Matti.
    In: Discussion Papers.
    RePEc:tkk:dpaper:dp77.

    Full description at Econpapers || Download paper

  41. Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs?. (2012). Zafar, Basit ; van der Klaauw, Wilbert ; topa, giorgio ; de Bruin, Wandi Bruine ; Armantier, Olivier.
    In: 2012 Meeting Papers.
    RePEc:red:sed012:121.

    Full description at Econpapers || Download paper

  42. Using Survey Data on Inflation Expectations in the Estimation of Learning and Rational Expectations Models. (2012). Ormeo, Arturo.
    In: Working Papers.
    RePEc:rbp:wpaper:2012-007.

    Full description at Econpapers || Download paper

  43. Heterogeneous inflation expectations and learning. (2012). Zafar, Basit ; Madeira, Carlos.
    In: Staff Reports.
    RePEc:fip:fednsr:536.

    Full description at Econpapers || Download paper

  44. Real expectations: replacing rational expectations with survey expectations in dynamic macro models. (2012). Fuhrer, Jeffrey.
    In: Working Papers.
    RePEc:fip:fedbwp:12-19.

    Full description at Econpapers || Download paper

  45. Behavioral Heterogeneity in U.S. Inflation Dynamics. (2012). Massaro, Domenico ; Hommes, Cars ; Cornea-Madeira, Adriana.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:12-03.

    Full description at Econpapers || Download paper

  46. Inflation expectations and the evolution of U. S. inflation. (2011). Fuhrer, Jeffrey.
    In: Public Policy Brief.
    RePEc:fip:fedbpb:y:2011:n:11-4.

    Full description at Econpapers || Download paper

  47. Inflation Convergence and the New Keynesian Phillips Curve in the Czech Republic. (2011). Fidrmuc, Jarko ; Daniskova, Katarina ; Danikova, Katarina .
    In: Czech Economic Review.
    RePEc:fau:aucocz:au2011_099.

    Full description at Econpapers || Download paper

  48. Observed inflation forecasts and the new Keynesian macro model. (2011). Paloviita, Maritta ; Kortelainen, Mika ; Viren, Matti.
    In: Economics Letters.
    RePEc:eee:ecolet:v:112:y:2011:i:1:p:88-90.

    Full description at Econpapers || Download paper

  49. Fitting observed inflation expectations. (2011). Eusepi, Stefano ; Del Negro, Marco.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:35:y:2011:i:12:p:2105-2131.

    Full description at Econpapers || Download paper

  50. Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve. (). Plagborg-Moller, Mikkel ; Mavroeidis, Sophocles ; Plagborg-Mller, Mikkel ; Stock, James H..
    In: Working Paper.
    RePEc:qsh:wpaper:84656.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-22 10:35:28 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.