expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and … exporters act on expectations based models in the formation of prices. …

expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and … exporters act on expectations based models in the formation of prices. …

should intervene in the business cycle. Following Ramey (2011b), we include expectations held by consumers and firms into the … findings also underscore the need to account for expectations, as failing to do so leads to significant misinterpretation of …