The Macroeconomic Expectations of U.S. Managers

Ethan M. L. McClure, Olivier Coibion and Yuriy Gorodnichenko

No 29986, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: E3 E4 E5 (search for similar items in EconPapers)
Date: 2022-04
New Economics Papers: this item is included in nep-mac
Note: EFG ME
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