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In 1997, the Bank of Canada established regional offices to enhance communication and liaison activities across the country and to gather more effective regional input for the Bank's policy deliberations. Shortly thereafter, the regional offices began conducting the Business Outlook Survey...
Persistent link: https://www.econbiz.de/10012619166
This paper studies how managers plan under uncertainty. In a new survey panel on German manufacturing firms, we show that uncertainty reflects change: Planning incorporates higher subjective uncertainty about future sales growth when the firm has just experienced unusual growth, and more so if...
Persistent link: https://www.econbiz.de/10012799694
The Business Leaders' Pulse is a new online survey conducted each month. It is designed to provide timely and flexible input into the Bank of Canada's monetary policy decision making while also creating a platform to analyze business conditions and uncertainty. Since May 2021, the Bank has been...
Persistent link: https://www.econbiz.de/10013430332
We provide new evidence on how ECB's monetary policy decisions affect firms' bank loan expectations in the euro area. We use firm-level data derived from the ECB Survey on the Access to Finance of Enterprises for the period 2009 to 2022 and identify the impact of monetary policy by comparing the...
Persistent link: https://www.econbiz.de/10014374782
FamData is a database covering family businesses and non-family businesses across various size classes and branches containing structural and financial information. The ifo Institute assembled a business panel with executives from almost 4,000 companies. In addition to the "hard" business data...
Persistent link: https://www.econbiz.de/10014377514
In recent years, the Indian Government has taken several policy initiatives to promote organic farming and organic food exports. Such measures are expected to enrich soil quality; attain sustainable development goals; ensure health and food safety for consumers; increase farmer's income and link...
Persistent link: https://www.econbiz.de/10011807881
The own-wage elasticity of labor demand measures the effect of higher wages on firms' demand for labor and, thus, determines the impact of supply shocks, minimum wages, and collective wage agreements on the labor market. I carry out a comprehensive meta-analysis to shed light on the nature of...
Persistent link: https://www.econbiz.de/10014370262
In this paper, we investigate the transmission channels of oil price shocks using a factorial survey. We confront CEOs 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...
Persistent link: https://www.econbiz.de/10014374349
Based on a new survey question in a large and representative panel of German firms, this paper introduces a novel measure of managers' subjective uncertainty. I compare this measure of business uncertainty to respondents' business expectations and document a strong negative relationship....
Persistent link: https://www.econbiz.de/10012500426
Companies are increasingly concerned with current and future climate change risks that have the potential to generate a substantial change in their business operations, revenue and/or expenditure. Therefore, the paper focusses on the companies' perspective and aims to create a higher awareness...
Persistent link: https://www.econbiz.de/10011489285