TY - UNPD A1 - Frenkel, Michael A1 - Rülke, Jan-Christoph A1 - Zimmermann, Lilli T1 - Do current account forecasters herd? N2 - We use data from the Consensus Economics Forecast Poll to analyze how current account forecasters form expectations. Our results suggest that forecasts do not satisfy traditional unbiasedness and orthogonality criteria for forecast rationality. In addition, we find anti-herding behavior among forecasters for the Euro area and G7 countries. We also show that the cross-sectional heterogeneity in anti-herding is associated with cross-sectional heterogeneity in forecast accuracy. More specifically, we find some evidence indicating that forecasters who tend to herd provide more accurate forecasts than their colleagues who follow an anti-herding strategy. T3 - WHU – Working Paper Series in Economics - WP 11/01 KW - Account forecaster KW - Börsen-Prognostiker KW - Herding KW - Herdentrieb KW - Euro area KW - Eurozone KW - G7 countries KW - G7-Länder Y1 - 2017 UR - https://opus4.kobv.de/opus4-whu/frontdoor/index/index/docId/423 UR - https://nbn-resolving.org/urn:nbn:de:hbz:992-opus4-4231 VL - 2011 IS - WP 11/01 PB - WHU – Otto Beisheim School of Management CY - Vallendar ER -