Using a novel dataset that contains qualitative firm survey data on sales forecasts as well as balance-sheet data on … particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor … quantify qualitative survey data on firm forecasts. It is generally applicable when quantitative information, e.g. from balance …

-level forecasts or household expectations. As an application, we employ a panel of Greek manufacturing firms and quantify firms …We develop a novel methodology to quantify forecasts based on qualitative survey data. The methodology is generally …

the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in … to establish the social value of improving hurricane forecasts. On the margin, the value of hurricane information is …

spikes in inflation may become ‘baked in’ to inflation expectations, but only among those with the most positive subjective …

expectations and uncertainty, albeit to a much lesser extent than the domestic policy changes. …

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 …

Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers …' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We …-level representative survey data on expectations about future reforms and countrylevel data on online search. We find: (1) Expectations are …

We assess how survey expectations impact production and pricing decisions on the basis of a large panel of German firms …. We identify the causal effect of expectations by matching firms with the same fundamentals but different views about the …

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 …