In this paper we analyze how consumers in Germany updated expectations about inƒaflation in response to the COVID-19 … restriction measures and local unemployment rates on inflation expectations. We find that consumers who were locally more exposed … to COVID-19 cases report higher inflation expectations. ‘e relationship between the virus spread and inflation …

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 …

transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms …. We analyze whether and to what extent firms are able to compensate for the shortage in loan supply by switching banks and … by using other types of financing. The analysis is based on a unique matched data set for Germany that contains firm …

to offer WFH. We leverage two survey experiments among nearly 800 knowledge-intensive services firms in Germany to … for potential policy measures targeting firms’ WFH adoption. … firms are gatekeepers for the ongoing diffusion of flexible work arrangements, there is little evidence on how firms decide …

individuals, accompanied by an additional survey of firms. To quantify the success of policy communication, we use a regression …

I investigate how households and firms adjust their inflation expectations when experiencing an increase in their … expectations. Thus, decision-makers in firms form their expectations similarly to high-income households. … households increase their inflation expectations when they personally experience an increase in their electricity prices. This …

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 …

Measuring economic uncertainty is crucial for understanding investment decisions by individuals and firms …. 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 …