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-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
particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …
Persistent link: https://www.econbiz.de/10012207913
expectations and uncertainty, albeit to a much lesser extent than the domestic policy changes. …
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
substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a … consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …
Persistent link: https://www.econbiz.de/10012140994
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
Expectations about macro-finance variables, such as inflation, vary significantly across genders, even within the same …, which in turn produce systematic variation in expectations. Using unique data on the contributions of men and women to … household grocery chores, their resulting exposure to price signals, and their inflation expectations, we show that the gender …
Persistent link: https://www.econbiz.de/10012207923
effect of the coronavirus crisis on household income and retirement wealth, households' expectations about the recovery, and …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household … upward adjustments in expectations about household debt, desired working hours, and retirement age. Finally, respondents …
Persistent link: https://www.econbiz.de/10012208009
investment. Second, our results highlight that expectations regarding the duration of the shutdown—which, at this point of the …
Persistent link: https://www.econbiz.de/10012227644
Climate change policies have been rising to the top of the global political agenda, but how should governments finance them? Public economists propose solutions based on economic theory, but their political feasibility depends on voters’ support, and ordinary households often neglect economic...
Persistent link: https://www.econbiz.de/10013266692