- edoc-Server Home
- Browsing by Author
Browsing by Author "Born, Benjamin"
Now showing items 1-3 of 3
-
2020-12DiskussionspapierExpectation dispersion, uncertainty, and the reaction to news Born, Benjamin; Dovern, Jonas; Enders, ZenoReleases of key macroeconomic indicators are closely watched by financial markets. We investigate the role of expectation dispersion and economic uncertainty for the stock-market reaction to indicator releases. We find ...
-
2023-07DiskussionspapierFirm Expectations and News: Micro v Macro Born, Benjamin; Enders, Zeno; Menkhoff, Manuel; Müller, Gernot; Niemann, KnutUsing firm-level data, we study how firm expectations adjust to news while accounting for a) the heterogeneity of news and b) the heterogeneity of firms. We classify news as either micro or macro, that is, information ...
-
2023-06DiskussionspapierOn FIRE, news, and expectations Born, Benjamin; Enders, Zeno; Müller, Gernot J.The full-information rational expectations (FIRE) assumption is at the core of modern macroeconomics. We revisit recent evidence which rejects FIRE based on survey data. It relates forecast errors to news at different ...