-level forecasts or household expectations. As an application, we employ a panel of Greek manufacturing firms and quantify firms … balance sheets. The method can be applied to a wide range of panel datasets, including qualitative surveys on firm …

particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …

This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. We analyze the role of expectations regarding macroeconomic fundamentals for expected … expectations regarding GDP growth, inflation, interest rates, and current accounts. Our empirical findings show that fundamentals …

theory for the expectations building mechanism due to the robust finding that in ation expectations are able to explain …This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building … mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for …