The Macroeconomic Expectations of U.S. Managers / Ethan M. L. McClure, Olivier Coibion, Yuriy Gorodnichenko.

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McClure, Ethan M. L

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TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w29986.Publication details: Cambridge, Mass. National Bureau of Economic Research 2022.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: Using responses obtained through the Nielsen Homescan panel survey, we explore the differences between managers' and non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit similar average inflation and unemployment expectations as well as similar levels of disagreement and sensitivity to information provided in a randomized control trial. Finally, the inflation expectations of managers deviate systematically from the predictions of "anchored" expectations.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w29986 (Browse shelf(Opens below))	Not For Loan

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April 2022.

Using responses obtained through the Nielsen Homescan panel survey, we explore the differences between managers' and non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit similar average inflation and unemployment expectations as well as similar levels of disagreement and sensitivity to information provided in a randomized control trial. Finally, the inflation expectations of managers deviate systematically from the predictions of "anchored" expectations.