This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …

investigates how changes in fiscal policy and market size affect rates of firm entry and exit. We find that reductions in fiscal … expenditure are associated with higher rates of entrepreneurship and that there are differences between more disaggregated policy … corresponds to a loss of 17,500 firms in the United States. Changes in fiscal expenditure are estimated to have a slightly smaller …

, almost all of them has focused on an ex-post impact; leaving aside a second but equally important channel: expectations. This … paper aims to analyze the role of expectations on peruvian formal and informal labor market; using news as our … a negative relation between expectations towards a stricter labor market and both employment and average income. News …

episodes of very high uncertainty. First, we identify episodes of very high uncertainty using a regime-switching model. Second …, we assess the behavior of macroeconomic and financial variables during these episodes of very high uncertainty. This … markets. We find that very high uncertainty episodes are associated with a weaker growth performance and sharp declines in …

The development of tractable forward looking models of monetary policy has lead to an explosion of research on the … interest rate rule, raising the possibility of inefficient fluctuations due to the dependence of expectations on extraneous … combine forward looking expectations and predetermined variables. We consider a variety of specifications that incorporate …