Browsing by Author "Dovern, Jonas"

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2020-12Diskussionspapier

Expectation dispersion, uncertainty, and the reaction to news

Born, Benjamin; Dovern, Jonas; Enders, Zeno

Releases 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 ...
2020-03-13Diskussionspapier

How Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-scale Business Survey

Dovern, Jonas; Müller, Lena Sophia; Wohlrabe, Klaus

Expectations are highly relevant for macroeconomic dynamics. Yet, the empirical evidence about properties of corporate macroeconomic expectations is scarce. Using new survey data on quantitative growth expectations of firms ...