this regulation had on the emissions of the corresponding firms. We exploit the differences along three variables: a … introduction of the policy). We find that, even in countries with no stringent target, emissions from exposed firms tended to … decrease more than emissions from non-exposed firms. In addition, each percentage point increase in the stringency of the …

I investigate how households and firms adjust their inflation expectations when experiencing an increase in their … from professional forecasts. Contrary to households, firms do not extrapolate energy price increases to their inflation … expectations. Thus, decision-makers in firms form their expectations similarly to high-income households. …