Weather Fluctuations, Expectation Formation, and Short-Run Behavioral Responses to Climate Change
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DOI: 10.1007/s10640-020-00525-x
Abstract: One premise adopted in most previous studies is that weather fluctuations affect economic outcomes contemporaneously. Yet under certain circumstances, the impact of weather fluctuations in the current year can be carried over into the future.… read more here.
Keywords: run; expectation formation; short run; formation short ... See more keywords
Expectation formation following pandemic events
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DOI: 10.1016/j.econlet.2021.109739
Abstract: Abstract Previous studies find that the degree of information rigidity is negatively associated with natural disaster shocks, recessions, and high economic uncertainty, suggesting that the expectation formation process is state dependent. Matching a large panel… read more here.
Keywords: pandemic events; formation following; formation; expectation formation ... See more keywords