This paper argues that expectations are an important element that needs to be included into the analysis of the effects …

This paper argues that expectations are an important element that need to be included into the analysis of the effects …

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 …

transfer of pound 500. We find that household expectations play a key role in determining differences in MPCs across households …

expectations during COVID-19 pandemic, as a broader concept than stock market investors' perception and expectations. The paper …, Employment expectations index, Composite leading indicator, Business confidence index, Consumer confidence index) are included in … and expectations on future developments. The clustering solution indicates increased heterogeneity among European …