..., and fatalities ( Economist 2017 ). The arrivals and fatalities of hurricanes, therefore, are unrelated to analysts' characteristics. And unobservable analyst characteristics or reverse causality cannot easily explain the change in analysts' forecast optimism after hurricanes. Thus, analysts' hurricane...

... discussant), Stephannie Larocque, and Kelvin Law for detailed comments. Editor's note: Accepted by Bin Ke. December 2013 May 2015 2016 sell-side analyst forecast optimism macroeconomist GDP price efficiency Second, we add to recent work at the intersection...