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We use surveys of German households and firms to study the extent of information frictions among different groups of economic agents. Firms' expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with expert forecasts and less dispersed than...
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This paper uses the COVID-19 pandemic as a case study to investigate the direct and indirect effect of beliefs of others on respondent's own beliefs and on their individual consumer sentiment. In a new online consumer survey with randomized control trials (RCTs) in Thailand and Vietnam, we...
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energy efficiency, increasing investments in natural gas production and bringing the natural gas price on the domestic market …'s investment needs into new extraction fields. A number of studies supported an upward price correction as a prerequisite for any … structural reforms of Russian gas industry. Price increases on domestic market have been considered as a remedy to overcome the …
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Using a survey of Dutch households, we find that individuals who have experienced higher national unemployment rates over their lifetime save more and borrow less, after controlling for aggregate shocks, income, wealth, and demographics. These results are consistent with experience-based...
Persistent link: https://www.econbiz.de/10012424305