shock on their firms. We find that the managers expect the shock to have very different effects on their firms: the cross … and CFOs of a representative sample of firms with a hypothetical vignette in which the oil price rises exogenously above … managers' baseline expectations. The managers then estimate the short- and medium-term cost, price, and output effects of the …

expectations for corporate decisions. Exploiting information on firms' investment and labor reactions to the COVID-19 crisis, I do …Based on a new survey question in a large and representative panel of German firms, this paper introduces a novel … expectations and document a strong negative relationship. However, the link is much weaker in bad times, since uncertainty is then …

expectations for corporate decisions. Exploiting information on firms' investment and labor reactions to the COVID-19 crisis, I do …Based on a new survey question in a large and representative panel of German firms, this paper introduces a novel … expectations and document a strong negative relationship. However, the link is much weaker in bad times, since uncertainty is then …

-level forecasts or household expectations. As an application, we employ a panel of Greek manufacturing firms and quantify firms … balance sheets. The method can be applied to a wide range of panel datasets, including qualitative surveys on firm …

particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor … explains our empirical results. Firms optimally limit their degree of attention to information when operating in market …

particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor … explains our empirical results. Firms optimally limit their degree of attention to information when operating in market …

-level forecasts or household expectations. As an application, we employ a panel of Greek manufacturing firms and quantify firms … balance sheets. The method can be applied to a wide range of panel datasets, including qualitative surveys on firm …

countries react to oil price shocks come from the source of the shock rather than by the group which the countries belong to …

response of output growth and capital to a positive US interest rate shock is negative and significant in EMs. Our results are …