%0 Journal Article
%T Housing Starts, Forecaster Herding, and the Livingston Survey
%A Christian Pierdzioch
%A Jan-Christoph Rulke
%J International Journal of Economics and Finance
%D 2012
%I 
%R 10.5539/ijef.v4n7p52
%X Recent research shows that forecasts of housing starts provide evidence of forecaster anti-herding. Because this result is in contrast to the widespread belief that forecasters herd, we reexamined the question of forecaster anti-herding using data from the Livingston Survey. Using a novel empirical test developed by Bernhardt et al. (2006, Journal of Financial Economics, 80, 657-67), we found strong evidence that forecasters of U.S. housing starts anti-herd.
%U http://www.ccsenet.org/journal/index.php/ijef/article/view/18319