Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity …. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and … discuss theoretical explanations for heterogeneous expectations. We then provide an overview of the empirical evidence …

The COVID-19 pandemic has led to enormous data movements that strongly affect parameters and forecasts from standard … transitory and persistent changes in volatility. The resulting density forecasts are much less sensitive to outliers in the data …

Wage expectations for full- and part-time employment are key for understanding the labor supply decisions of women …-adjusted estimates of the part-time wage gap indicates that women's mean expectations are realistic. I also show that women with children …

This paper documents that individuals' expectations about macroeconomic outcomes are systematically linked with the … experiences of these macroeconomic outcomes they have made during life. Focusing on expectations about national inflation … variables over the respondents' lifetime, respectively. I find that experience significantly predicts respondents' expectations …

Between 2004 and 2016, we elicited individuals' subjective expectations of stock market returns in a Dutch internet … differ in how they use past stock market returns to form current stock market expectations. The model allows for rounding in …

. Macroeconomists increasingly rely on survey data on subjective expectations. An innovative approach to measure aggregate uncertainty … exploits the rounding patterns in individuals' responses to survey questions on inflation expectations (Binder, 2017). This … inflation expectations. …

This paper examines German business survey data to uncover the influence of political news on expectations concerning …

households’ short- and long-term expectations about future inflation. This relationship is strong during periods of high …. Our results show that household perceptions about past inflation drive their expectations about future inflation rates …. The strength of the pass-through from perceptions to expectations varies across socioeconomic groups. We identify two …

This paper evaluates the quality of survey forecasts, their accuracy and unbiasedness, and their overall consistency … survey respondents’ forecasts. Thus, increased forecast uncertainty seems to be positively related to size of forecast …