tool to identify and characterize expectations of business cycle phases for Germany, Spain, the Euro Area, and the European … more sensitive to international disturbances. Our results also reveal a lack of synchronization of the expectations across …

We assess how survey expectations impact production and pricing decisions on the basis of a large panel of German firms …. We identify the causal effect of expectations by matching firms with the same fundamentals but different views about the …

.g. output, output per hour) and a positive correlation between long-run growth expectations and cyclical activities. Existing … features comovement and mutual influence of households' growth expectations and market outcomes, which can replicate the … evidence, and suggests a critical role for shifting long-run growth expectations in business cycle fluctuations. …

expectations and document a strong negative relationship. However, the link is much weaker in bad times, since uncertainty is then … persistently high - even when expectations are favorable. I continue by investigating the relative importance of uncertainty and … expectations for corporate decisions. Exploiting information on firms' investment and labor reactions to the COVID-19 crisis, I do …

market using shocks to aggregate income, the distribution of income, credit conditions, and expectations of future housing …

The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …

The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …

demand and overturns their expectations, generating a bust. This emphasizes a novel role for imperfect common knowledge …

of consumers in their expectations about the general state of the economy, even if their pessimism were not based on …