zero inflation in the GDR. East Germans' higher inflation expectations are reflected in higher consumer debt and lower bond … expectations, with an important role for the interaction of experiences before and after the event …

.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. …

Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity …. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and … discuss theoretical explanations for heterogeneous expectations. We then provide an overview of the empirical evidence …

Macroeconomic expectations of various economic agents are characterized by substantial crosssectional heterogeneity …. This chapter focuses on heterogeneity in the expectations among professional forecasters, first presenting stylized facts … and discussing theoretical explanations for heterogeneous expectations, before providing an overview of the empirical …

Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect … their personal economic prospects and their behavior. To exogenously vary respondents' expectations, we provide them with … to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption …

Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect … their personal economic prospects and their behavior. To exogenously vary respondents' expectations we provide them with … response to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption …

macroeconomic expectations is scarce. Using new survey data on quantitative growth expectations of firms in Germany, we show that …Expectations are highly relevant for macroeconomic dynamics. Yet, the empirical evidence about properties of corporate … expectations are highly dispersed. The degree of dispersion depends on firm size and on how important the general economy is for …

macroeconomic expectations is scarce. Using new survey data on quantitative growth expectations of firms in Germany, we show that …Expectations are highly relevant for macroeconomic dynamics. Yet, the empirical evidence about properties of corporate … expectations are highly dispersed. The degree of dispersion depends on firm size and on how important the general economy is for …