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- W3173186989 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." @default.
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- W3173186989 date "2022-01-01" @default.
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- W3173186989 title "Comment on “No firm is an island? How industry conditions shape firms’ expectations” by Philippe Andrade, Olivier Coibion, Erwan Gautier and Yuriy Gorodnichenko" @default.
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- W3173186989 doi "https://doi.org/10.1016/j.jmoneco.2021.06.003" @default.
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