The Macroeconomic Expectations of U.S. Managers / Ethan M. L. McClure, Olivier Coibion, Yuriy Gorodnichenko.

Format:

Book

Author/Creator:

McClure, Ethan M. L.

Contributor:

National Bureau of Economic Research.

Coibion, Olivier.

Gorodnichenko, Yuriy.

Series:

Working Paper Series (National Bureau of Economic Research) no. w29986.

NBER working paper series no. w29986

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2022.

Summary:

Using responses obtained through the Nielsen Homescan panel survey, we explore the differences between managers' and non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit similar average inflation and unemployment expectations as well as similar levels of disagreement and sensitivity to information provided in a randomized control trial. Finally, the inflation expectations of managers deviate systematically from the predictions of "anchored" expectations.

Notes:

Print version record

April 2022.