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2020-03-13Diskussionspapier DOI: 10.18452/21402
How Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-scale Business Survey
dc.contributor.authorDovern, Jonas
dc.contributor.authorMüller, Lena Sophia
dc.contributor.authorWohlrabe, Klaus
dc.date.accessioned2020-06-09T09:02:31Z
dc.date.available2020-06-09T09:02:31Z
dc.date.issued2020-03-13none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/22191
dc.description.abstractExpectations 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 in Germany, we show that expectations are highly dispersed. The degree of dispersion depends on firm size and on how important the general economy is for the business of firms, supporting theories of rational inattention. Firms seem to extrapolate from local economic conditions and business experiences to aggregate growth expectations. Differences in growth expectations are associated with di erences in firms' Investment and labor demand.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectGDP expectationseng
dc.subjectexpectation heterogeneityeng
dc.subjectfirmeng
dc.subjectifo business tendency surveyeng
dc.subject.ddc330 Wirtschaftnone
dc.titleHow Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-scale Business Surveynone
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/22191-7
dc.identifier.doihttp://dx.doi.org/10.18452/21402
local.edoc.container-titleWorking Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviournone
local.edoc.container-creatorAlexander Nützenadel, Jochen Strebnone
local.edoc.pages30none
local.edoc.type-nameDiskussionspapier
local.edoc.institutionPhilosophische Fakultätnone
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume15none
dc.description.versionNot Reviewednone
local.edoc.container-erstkatid2916406-0none

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