English, Article edition: Euro/dollar: Every Body Can Make Mistakes Agnes Benassy-Quere

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Bookmark: http://trove.nla.gov.au/version/159975
Physical Description
  • article
Language
  • English

Edition details

Title
  • Euro/​dollar: Every Body Can Make Mistakes
Author
  • Agnes Benassy-Quere
Physical Description
  • article
Notes
  • Forecasts of exchange rate movements generally have a miserable record. Those complied by Consensus Forecasts concerning the euro have been true to form. Analysing the results of this survey indicates a worrying unanimity of error, which raises questions about the way forecasts are compiled. Are they not a result of herd behaviour? Also, if forecasts influence markets, at least in part, how is it possible to reconcile the expected appreciation of the euro from early 1999 to early 2001 with the depreciation that actually occurred?
  • euro; dollar; key currencies; foreign exchange markets; forecasting
  • RePEc:cii:cepill:2002-215
Language
  • English
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