On the forecast accuracy and consistency of exchange rate expectations: the Spanish PwC Survey/
Sosvilla-Rivero, Simón
On the forecast accuracy and consistency of exchange rate expectations: the Spanish PwC Survey/ created by Simon Sosvilla-Rivero and Maria del Carmen Ramos-Herrera - Applied economics letters Volume 20, number 2 .
We examine the predictive ability and consistency properties of exchange rate expectations for the dollar/euro using a survey conducted in Spain by PricewaterhouseCoopers (PwC) among a panel of experts and entrepreneurs. Our results suggest that the PwC panel have some forecasting ability for time horizons from 3 to 9 months, although only for the 3-month ahead expectations we obtain marginal evidence of unbiasedness and efficiency in the forecasts. As for the consistency properties of the exchange rate expectation formation process, we find that survey participants form stabilizing expectations in the short run and destabilizing expectations in the long run.
13504851
Exchange rates--Expectations--Forecasting
HB1.A666 APP
On the forecast accuracy and consistency of exchange rate expectations: the Spanish PwC Survey/ created by Simon Sosvilla-Rivero and Maria del Carmen Ramos-Herrera - Applied economics letters Volume 20, number 2 .
We examine the predictive ability and consistency properties of exchange rate expectations for the dollar/euro using a survey conducted in Spain by PricewaterhouseCoopers (PwC) among a panel of experts and entrepreneurs. Our results suggest that the PwC panel have some forecasting ability for time horizons from 3 to 9 months, although only for the 3-month ahead expectations we obtain marginal evidence of unbiasedness and efficiency in the forecasts. As for the consistency properties of the exchange rate expectation formation process, we find that survey participants form stabilizing expectations in the short run and destabilizing expectations in the long run.
13504851
Exchange rates--Expectations--Forecasting
HB1.A666 APP