This paper investigates the effects of inflation news coverage on market-based inflation expectations and outcomes in … regarding specific topics, exerts a significant influence on inflation compensation, expectations, and risk premiums. We observe … contributes to the understanding of media influence on financial markets, specifically in shaping inflation expectations. …

inflation expectations of firms and households. Our results reveal that the link between reporting about inflation and changes … in inflation expectations is time-dependent. During periods of intensive newspaper coverage of inflation developments, a … correlation with inflation expectations emerges that does not exist at other times. Such correlations are evident after the …

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 …

We assess how survey expectations impact production and pricing decisions on the basis of a large panel of German firms …. We identify the causal effect of expectations by matching firms with the same fundamentals but different views about the …

This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of …

from individual expectations. Subjects have no information about underlying market equilibrium equations, but can learn by … stable treatment, rational expectations (RE) yield a good description of observed aggregate price fluctuations: prices remain …

particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …

.g. output, output per hour) and a positive correlation between long-run growth expectations and cyclical activities. Existing … features comovement and mutual influence of households' growth expectations and market outcomes, which can replicate the … evidence, and suggests a critical role for shifting long-run growth expectations in business cycle fluctuations. …

are higher that companies are more likely to exhibit more pessimistic business expectations for the upcoming months on … Mondays and more optimistic expectations at the end of the week. The same holds for the assessment of the current business …

expectations and document a strong negative relationship. However, the link is much weaker in bad times, since uncertainty is then … persistently high - even when expectations are favorable. I continue by investigating the relative importance of uncertainty and … expectations for corporate decisions. Exploiting information on firms' investment and labor reactions to the COVID-19 crisis, I do …