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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 …
Persistent link: https://www.econbiz.de/10012001909
particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …
Persistent link: https://www.econbiz.de/10012174792
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/10014426616
expectations and uncertainty, albeit to a much lesser extent than the domestic policy changes. …
Persistent link: https://www.econbiz.de/10012249044
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/10012057290
-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/10014502459
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 …
Persistent link: https://www.econbiz.de/10012104108
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/10012176858
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/10012219375
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/10012206687