Der Klimawandel hat längst begonnen. Das sollte Folgen haben: Wir müssen nicht nur den Klimaschutz intensivieren, um wenigstens das allgemein befürwortete Ziel zu erreichen, den Korridor von nicht mehr als 2 Grad Erwärmung bis zum Ende dieses Jahrhunderts einzuhalten. Wir müssen uns vor...

We implement a new survey of firms, focusing on their higher-order macroeconomic expectations. The survey provides a novel set of stylized facts regarding the relationship between first-order and higher-order expectations of economic agents, including how they adjust their beliefs in response to...

We implement a new survey of firms, focusing on their higher-order macroeconomic expectations. The survey provides a novel set of stylized facts regarding the relationship between first-order and higher-order expectations of economic agents, including how they adjust their beliefs in response to...