Macroeconomic Indicators Forecasts Accuracy And Reaction of Investors on the WSE

• Autorzy: Tomasz Wójtowicz
• Języki publikacji: EN

Abstrakty

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.(original abstract)

Słowa kluczowe

EN

Macroeconomic indicators; Economic forecast; Stock market

PL

Wskaźniki makroekonomiczne; Prognozy gospodarcze; Giełda papierów wartościowych

• Czasopismo: Metody Ilościowe w Badaniach Ekonomicznych / Szkoła Główna Gospodarstwa Wiejskiego
• Rocznik: 2015
• Tom: 16(XVI)
• Numer: nr 2
• Strony: 142--151

Twórcy

autor

Tomasz Wójtowicz

• AGH University of Science and Technology Kraków, Poland

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