Meyer, Brent H.; Prescott, Brian C.; Sheng, Xuguang - 2023
Using the Federal Reserve Bank of Atlanta's Business Inflation Expectations (BIE) survey, which has been continuously … firms' marginal cost expectations and risk during the COVID-19 pandemic. First, in the early months of the pandemic, firms …, on net, saw COVID-19 largely as a demand shock and lowered their one-year-ahead expectations. However, as the pandemic …