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Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and … formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but … the wording of questions matters for the measurement of firms' inflation expectations. Third, we document whether and how …
Persistent link: https://www.econbiz.de/10013177710
Introducing a new survey of U.S. firms' inflation expectations, we document key stylized facts involving what U ….S. firms know and expect about inflation and monetary policy. The resulting time series of firms' inflation expectations … "anchored" expectations, the inflation expectations of U.S. managers appear far from anchored, much like those of households …
Persistent link: https://www.econbiz.de/10012597524
Persistent link: https://www.econbiz.de/10012813535
Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and … formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but … the wording of questions matters for the measurement of firms' inflation expectations. Third, we document whether and how …
Persistent link: https://www.econbiz.de/10012873113
Persistent link: https://www.econbiz.de/10012513915
Introducing a new survey of U.S. firms' inflation expectations, we document key stylized facts involving what U ….S. firms know and expect about inflation and monetary policy. The resulting time series of firms' inflation expectations … "anchored" expectations, the inflation expectations of U.S. managers appear far from anchored, much like those of households …
Persistent link: https://www.econbiz.de/10012518200
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
learning-to-forecast laboratory experiment where subjects are incentivized to form accurate expectations about inflation and … greater forecast accuracy, coordination of expectations and macroeconomic stability. The benefits of this focal information …
Persistent link: https://www.econbiz.de/10010818175
We study how firms' expectations and actions are affected by both aggregate and industryspecific conditions using a … have no aggregate effects, firms' aggregate expectations respond persistently. This is consistent with "island" models in …. Finally, we extend the analysis to firms' expectations of their own future price changes and document how these respond to …
Persistent link: https://www.econbiz.de/10012606356
This paper investigates the expectations formation process of economic agents about inflation rate. Using the Market … Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts every period and that even …
Persistent link: https://www.econbiz.de/10011858475