Heterogeneous Expectation of financial analysts: analysis of expectation formation and optimal aggregation

Heterogeneous Expectation of financial analysts: analysis of expectation formation and optimal aggregation

Expectations play a fundamental role in economic theory. Survey based expectations carry economically important and timely information on the current and future development of economy. The main aim of this project is to conduct detailed empirical analysis on the formation of expectation of financial analysts, and to improve the method for aggregating individual expectations. In this context we will analyse the monthly ZEW-Finanzmarkttests micro level expectation data (in particular the heterogeneity of individual expectations).

Project members

Michael Schröder

Michael Schröder

Project Coordinator
Senior Researcher

To the profile
Andreas Schrimpf

Andreas Schrimpf

Research Fellow

To the profile
Qingwei Wang

Qingwei Wang

Research Associate

To the profile
Lukas Menkhoff

Lukas Menkhoff

Research Associate

To the profile
Cooperation partner
Universität Hannover, Hannover, DE

Contact

Senior Researcher
Dr. Michael Schröder
To the profile