This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey … on the Access to Finance of Enterprises (SAFE), we introduce consistent measurement of inflation expectations across … firms' inflation expectations and show that firms disagree about future inflation more than professional forecasters but …

This study analyzes how firms form their inflation expectations during a regime change in monetary policy and a … transition to a low-inflation environment. Using the Bank of Israel survey of firms, we document the basic properties of firms …' inflation expectations and examine how Israeli firms update their inflation expectations after receiving new information about …

this is consistent with downward nominal wage rigidity. But, the elevated earnings persist even in high inflation times …, contrary to the prediction from existing work that real wage reductions under high inflation should erode the nominal wage gap … relative to unaffected firms. Our findings thus challenge the conventional view that inflation "greases the wheels" of the …

Using Italian data that includes both inflation forecasts of firms and external information on their balance sheets, we … study the causal effect of changes in the dispersion of beliefs about future inflation on the misallocation of resources. We … find that as disagreement increases, so does misallocation. In times of low inflation, the aggregate TFP loss of the …

for services sectors. It reflects national inflation and productivity growth, while labour market tightness is negligible …