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expectations and uncertainty, albeit to a much lesser extent than the domestic policy changes. … declined and business uncertainty increased only when the spread of the Covid-19 pandemic led to domestic policy changes: The …
Persistent link: https://www.econbiz.de/10012269499
are higher that companies are more likely to exhibit more pessimistic business expectations for the upcoming months on … Mondays and more optimistic expectations at the end of the week. The same holds for the assessment of the current business …
Persistent link: https://www.econbiz.de/10014469839
We administer a newly-designed survey to a large panel of retail investors who have substantial wealth invested in financial markets. The survey elicits beliefs that are crucial for macroeconomics and finance, and matches respondents with administrative data on their portfolio composition and...
Persistent link: https://www.econbiz.de/10012052772
We study the efficacy of releases from the U.S. Strategic Petroleum Reserve (SPR) within the context of fully specified models of the global oil market that explicitly allow for storage demand as well as unanticipated changes in the SPR. Using novel identifying strategies and evaluation methods,...
Persistent link: https://www.econbiz.de/10012052859
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low. …
Persistent link: https://www.econbiz.de/10010264587
participation; and (b) a double shift in markets' expectations, from a regime of credible commitment to future EMU participation …
Persistent link: https://www.econbiz.de/10010274777
by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries …
Persistent link: https://www.econbiz.de/10010274930
-level forecasts or household expectations. As an application, we employ a panel of Greek manufacturing firms and quantify firms …
Persistent link: https://www.econbiz.de/10014534410
We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...
Persistent link: https://www.econbiz.de/10014534461
effect of algorithmic traders we use a design where we manipulate only the expectations of human traders. We find clearly …
Persistent link: https://www.econbiz.de/10011431175