Enders, Zeno; Hünnekes, Franziska; Müller, Gernot J. - 2019
We assess empirically whether monetary policy announcements impact firm expectations. Two features of our data set are … key. First, we rely on a survey of production and price expectations of German firms, that is, expectations of actual … firms before and after monetary policy surprises and obtain two results. First, firm expectations respond to policy …