Imperfect information, shock heterogeneity, and inflation dynamics
We establish novel empirical regularities on firms' expectations about aggregate and idiosyncratic components of sectoral demand using industry-level survey data for the universe of Japanese firms. Expectations of the idiosyncratic component of demand differ across sectors, and they positively...
| Principais autores: | , , |
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| Formato: | Working paper |
| Publicado em: |
University of Oxford
2019
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