Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and … formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but … the wording of questions matters for the measurement of firms' inflation expectations. Third, we document whether and how …

Introducing a new survey of U.S. firms' inflation expectations, we document key stylized facts involving what U ….S. firms know and expect about inflation and monetary policy. The resulting time series of firms' inflation expectations … "anchored" expectations, the inflation expectations of U.S. managers appear far from anchored, much like those of households …

We study how firms' expectations and actions are affected by both aggregate and industryspecific conditions using a … have no aggregate effects, firms' aggregate expectations respond persistently. This is consistent with "island" models in …. Finally, we extend the analysis to firms’ expectations of their own future price changes and document how these respond to …

particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …

Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers …' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We …-level representative survey data on expectations about future reforms and countrylevel data on online search. We find: (1) Expectations are …

Subjective expectations about future policy play an important role in individuals' welfare. We examine how workers …' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We …-level representative survey data on expectations about future reforms and country-level data on online search. We find: (1) Expectations …