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The paper examines the role of discourse in supporting firm's decisions to relocate and how main actors influence such discourse. If there is uncertainty about the general functioning of the economy, discourse is the place where ideas and paradigms, and possible options of behavior, are created....
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A couple of recent papers have shifted the focus towards disagreement of professional forecasters. When dealing with survey data that is sampled at a frequency higher than annual and that includes only fixed event forecasts, e.g. expectation of average annual growth rates measures of...
Persistent link: https://www.econbiz.de/10003726076
This paper considers a simple model of self-fulfilling expectations that leads to a multiple equilibrium of gender gaps in wages and participation rates. Rather than resorting to moral hazard problems related to unobservable effort, like in most of the related literature, our model fully relies...
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