MACROECONOMIC INDICATORS FORECASTS ACCURACY AND REACTION OF INVESTORS ON THE WSE

• Authors: Wójtowicz Tomasz
• Languages of publication: EN

Abstracts

EN

Every day analysts and news agencies publish forecasts of important macroeconomic indicators. When the announced value of an indicator differs from its forecast, investors must revise their strategies. The strength of investors’ reaction depend on the difference between expectations and the true value of the indicator. In this paper we analyze the reaction of investors on the WSE to U.S. macroeconomic news announcements. We compare the strength of the reaction when forecasts are based on information from different financial services.

Keywords

EN

macroeconomic news announcements; WSE; event study

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2015
• Volume: 16
• Issue: 2
• Pages: 142-151

Dates

published

2015

Contributors

author

Wójtowicz Tomasz

• Department of Applications of Mathematics in Economics, AGH University of Science and Technology in Krakow

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