Similar Search Results

Uncertainty and information acquisition : evidence from firms and households

Mikosch, Heiner; Roth, Christopher; Sarferaz, Samad; … - 2021

We leverage the small open economy Switzerland as a testing ground for basic premises of macroeconomic models of endogenous information acquisition, using tailored surveys of firms and households. First, we show that firms perceive a greater exposure to exchange rate movements than households,...

Persistent link: https://www.econbiz.de/10012697102

Risk exposure and acquisition of macroeconomic information

Roth, Christopher; Settele, Sonja; Wohlfart, Johannes - 2020

an expert forecast about the likelihood of a recession. Our findings are consistent with the basic premise of theories of …

Persistent link: https://www.econbiz.de/10012300259

Risk exposure and acquisition of macroeconomic information

Roth, Christopher; Settele, Sonja; Wohlfahrt, Johannes - 2022

an expert forecast about the likelihood of a recession. This finding is consistent with macroeconomic models of …

Persistent link: https://www.econbiz.de/10013337685

Uncertainty and information acquisition: evidence from firms and households

Mikosch, Heiner; Roth, Christopher; Sarferaz, Samad; … - 2021

Persistent link: https://www.econbiz.de/10012799469

Does Uncertainty Boost Overconfidence? The Case of Financial Analysts’ Forecasts

Bessière, Véronique - 2014

relationship between forecast revisions and forecast errors. When analysts excessively integrate information in their revisions (i ….e. overreact), their forecast revisions are too intense, and the converse occurs when they underreact. As a proxy for uncertainty … sample using analyst forecast dispersion as a proxy for uncertainty and obtain similar results. We also document the fact …

Persistent link: https://www.econbiz.de/10013059109

Uncertainty, imperfect information, and expectation formation over the firm's life cycle

Chen, Cheng; Senga, Tatsuro; Sun, Chang; Zhang, Hongyong - 2020

forecast errors. However, they make more precise forecasts and less correlated forecast errors when they become more …

Persistent link: https://www.econbiz.de/10012258487

Muth’s Hypothesis Under Knightian Uncertainty : A Novel Account of Inflation Forecasts

Frydman, Roman; Tabor, Morten - 2023

We open a New Keynesian Phillips curve model to nonrecurring structural shifts in its parameters and propose a novel implementation of Muth’s hypothesis to represent market participants’ inflation expectations under Knightian uncertainty arising from such shifts. We refer to our approach as...

Persistent link: https://www.econbiz.de/10014264056

Quality uncertainty with imperfect information acquisition

Gertz, Christopher - 2013 - This version: September 17, 2013

I analyze a monopolistic model of quality uncertainty but with the possibility of information acquisition on the consumer side. Information is costly and its amount is chosen by the consumer. The analysis of Bayesian equilibria shows the possibility of three equilibrium classes, only one of...

Persistent link: https://www.econbiz.de/10009793534

Innovation and Information Acquisition under Time Inconsistency and Uncertainty

Chemarin, Sophie; Orset, Caroline - 2015

We propose to analyse the hyperbolic discounting preferences effect on the innovator's research investment decision. Investing in research allows him to acquire information, and then to reduce the uncertainty of the risks of his project. We find that whatever the innovator's preferences, that is...

Persistent link: https://www.econbiz.de/10014216521

On Risk - Building a Definition

Lemos, Filipe - 2016

This article aims to build through the collection of inputs from prior research, regulatory input and practitioner's experience, a comprehensive definition of risk.Risk is not measurable uncertainty nor volatility. Risk is a three part concept: (1) risk is the potential that events may have an...

Persistent link: https://www.econbiz.de/10012998705

1
2
3
4
5
6
7
8
9
10
Next
Last