Browsing Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour by Subject "overreaction"

Now showing items 1-1 of 1

2023-07Diskussionspapier

Firm Expectations and News: Micro v Macro

Born, Benjamin; Enders, Zeno; Menkhoff, Manuel; Müller, Gernot; Niemann, Knut

Using 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 ...