G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w28836
来源IDWorking Paper 28836
The Inflation Expectations of U.S. Firms: Evidence from a new survey
Bernardo Candia; Olivier Coibion; Yuriy Gorodnichenko
发表日期2021-05-24
出版年2021
语种英语
摘要Introducing a new survey of U.S. firms’ inflation expectations, we document key stylized facts involving what U.S. firms know and expect about inflation and monetary policy. The resulting time series of firms’ inflation expectations displays unique dynamics, distinct from those of households and professional forecasters. By any typical definition of “anchored” expectations, the inflation expectations of U.S. managers appear far from anchored, much like those of households. And like households, U.S. managers are largely uninformed about recent aggregate inflation dynamics or monetary policy. These results complement existing evidence on firms’ inflation expectations from other countries and confirm that inattention to inflation and monetary policy is pervasive among U.S. firms as well.
主题Macroeconomics ; Business Cycles ; Money and Interest Rates ; Monetary Policy
URLhttps://www.nber.org/papers/w28836
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586510
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Bernardo Candia,Olivier Coibion,Yuriy Gorodnichenko. The Inflation Expectations of U.S. Firms: Evidence from a new survey. 2021.
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