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 …

long-run price stability depends critically on expectations about labor market tightness. Using a variety of cross …

Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been … almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume … expectations are rational This paper shows that while empirical household expectations are not rational in the usual sense …

We analyse the role of mass violent conflict in influencing individual expectations. We hypothesise that individuals … are likely to report negative expectations if they were exposed to conflict events in the past. We combine individual and … association between conflict and expectations. Results indicate that conflict intensity is correlated with a decrease in the …

. Amongst employees, optimists earn more. These results are consistent with biased expectations leading to entry errors. As a … test of validity, we find that amongst the married, future divorcees have higher financial expectations but their …

Wage expectations for full- and part-time employment are key for understanding the labor supply decisions of women …-adjusted estimates of the part-time wage gap indicates that women's mean expectations are realistic. I also show that women with children …