| Authors |
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| Publication date |
01-2022
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| Journal |
Journal of Monetary Economics
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| Article number |
57-61
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| Volume | Issue number |
125
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| Organisations |
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Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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Faculty of Economics and Business (FEB)
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| Abstract |
Andrade et al. analyze the data from a large panel of firms and show how sector-specific shocks erroneously influence firms’ outlooks about the aggregate economy. This paper is part of a broader research agenda that has extensively documented the existence of information rigidities using data from large-scale surveys of households and firms. This comment discusses the implications of this research agenda for central banking in light of a complementary empirical method, namely laboratory experiments, and their use in informing macroeconomic policies.
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| Document type |
Comment/Letter to the editor
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| Note |
Commentary to: P. Andrade, O. Coibion, E. Gautier & Y. Gorodnichenko (2022)
No firm is an island? How industry conditions shape firms' expectations. In: Journal of Monetary Economics, 125 (2022), pp. 40-56.
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| Language |
English
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| Published at |
https://doi.org/10.1016/j.jmoneco.2021.06.003
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