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- W2128077360 abstract "We used the yen/dollar exchange-rate forecasts of the Wall Street Journal (WSJ) poll to analyse whether exchange-rate forecasters have an asymmetric loss function. To this end, we applied an approach recently developed by Elliott et al. (2005 Elliott, G., Komunjer, I. and Timmermann, A. 2005. Estimation and testing of forecast fationality under flexible loss. Review of Economics Studies, 72: 1107–25. [Crossref], [Web of Science ®] , [Google Scholar]). We found that only few forecasters seem to form forecasts under an asymmetric loss function. For some forecasters, accounting for the asymmetry of their loss function makes their forecasts look rational." @default.
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- W2128077360 date "2012-12-01" @default.
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- W2128077360 title "Exchange-rate forecasts and asymmetric loss: empirical evidence for the yen/dollar exchange rate" @default.
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- W2128077360 doi "https://doi.org/10.1080/13504851.2012.659338" @default.
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