The Curve of Inflation Expectations and Firms’ Investments
Using rich survey data on Italian firms, this paper studies the formation mechanisms of inflation expectations at different forecasting horizons. Starting from empirical evidence embedded in firms’ inflation expectation curve, we obtain 3 main findings: (1) firms extrapolate for long forecasting hor...
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| Format: | Thesis |
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Massachusetts Institute of Technology
2024
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| Online Access: | https://hdl.handle.net/1721.1/157104 |