This paper examines the impact of current and future climate transition policies on Belgian firms as they approach the 2030 milestone set by the European Green Deal. Using data from an online survey conducted with members of key Belgian employers' federations, we assess the effects on firms'...

We explore the consequences of losing confidence in the price-stability objective of central banks by quantifying the inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint, we show that an inflation bias as well as a...

This paper addresses a general problem with surveys asking agents for their assessment of the state of the economy: answers are highly dependent on information that is publicly available, while only information that is not already publicly known has the potential to improve a professional...

In order to aspire to join the EU that the Republic of Moldova (currently a candidate country) has, the main economic conditions it must satisfy are the existence of a functional market economy, as well as the ability to face competitive pressure and market forces in within the European Union....

The authors (Langvinienė, 2014; Prentice, 2020; Grasso & Sergi, B.S. Eds., 2021) claim that over the past few decades, tourism has continuously expanded and strived to become one of the largest and fastest growing economic sectors in the world. Tourism is primarily a vital industry for the social and...

In theory and practice, there comes to increase in focus to digitalization in agriculture, as well as about the rational use of available natural resources, primarily land, water and energy. The use of renewables, such is solar energy, can be done in various purposes, for example for energy...

In this paper, the authors analyze the importance of the continuity of business of economic entities engaged in agricultural activity in the Republic of Serbia. Since Serbia is an agricultural country with a significant share of agriculture in the domestic GDP, significant impact of agriculture...

We analyze differences in consumption and wealth that arise because of different degrees of rationality of households. In particular, we use a standard New Keynesian model and let a certain fraction of households be fully rational while the other fraction possesses less cognitive ability. We...

We analyze the impact of overconfidence on gender differences in wage expectations using elicited beliefs of German university applicants. Interestingly, female students have lower wage expectations and are less overconfident than their male counterparts. Oaxaca-Blinder decompositions show that...

Exploiting the natural experiment of the German reunification, we examine how consumers adapt to a new environment in their macroeconomic forecasting. We document that East Germans expect higher inflation and make larger forecast errors than West Germans even decades after reunification....