biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved … difficult to measure these expectations and to empirically evaluate this view. We utilize a recently proposed methodology to … estimate the market's expectations of the prices of ethanol, unfinished motor gasoline and crude oil at horizons from three …

effect of algorithmic traders we use a design where we manipulate only the expectations of human traders. We find clearly …

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

particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …

We analyze how investor expectations about economic growth and stock returns changed during the February-March 2020 … expectations about long-run (10-year) economic and stock market outcomes remained largely unchanged, and, if anything, improved … February saw the largest decline in expectations, and sold the most equity. Those respondents who were the most pessimistic in …

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 …