We study how households adjust their medium-term inflation expectations under the new ECB inflation targeting strategy. Survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a 2% point target....

It is increasingly acknowledged that gender (in-) equality is one of the most significant factors underlying change in fertility behavior. Researchers have extensively studied the link between gender (in-) equality and fertility decision-making in various settings. However, most of these studies...

Using firm-level data, we study how firm expectations adjust to news while accounting for a) the heterogeneity of news and b) the heterogeneity of firms. We classify news as either micro or macro, that is, information about firm-specific developments or information about the aggregate economy....

In this paper, we analyse how financial market analysts' expectations in the Czech National Bank's Financial Market Inflation Expectations survey perform relative to the random-walk forecast when it comes to predicting five financial variables. Using data from 2001 to 2022, our results indicate...

This paper studies the impact of carbon pricing on firms' inflation expectations and discusses the potential implications for what constitutes the core of most central banks' mandate: price stability. Carbon policy shocks are identified from high-frequency changes in carbon futures price around...

Using firm-level data, we study how firm expectations adjust to news while accounting for a) the heterogeneity of news and b) the heterogeneity of firms. We classify news as either micro or macro, that is, information about firm-specific developments or information about the aggregate economy....

Social security administrative data are increasingly becoming available in many countries. These data have a long panel structure (large N, large T) and allow for the measurement of many different variables with high accuracy. It also captures short-term unemployment spells which are normally...

The international literature studies non-take-up behavior of eligible populations to evaluate the effectiveness of government programs. A major challenge in this literature is the measurement error regarding benefit take-up. In our data, we observe both actual welfare receipt and respondents’...

Recent work on the conditional mean model offers the possibility of addressing misreporting of participation in social programs, which is common and has increased in all major surveys. However, researchers who employ quantile regression continue to encounter challenges in terms of estimation and...

We provide novel evidence of the impact of coresidence bias on a large set of indicators of intergenerational mobility in education. We begin re-examining a recent claim that the correlation coefficient is less biased than the regression coefficient. Then, we expand our analysis to show that...