This paper examines the impact of current and future climate transition policies on Belgian firms as they approach the … employers' federations, we assess the effects on firms' costs, pricing, demand, and investment decisions. The climate transition … show that an increase in the carbon price beyond firms' current expectations could exacerbate these adverse effects. Survey …

Based on a new survey question in a large and representative panel of German firms, this paper introduces a novel … expectations for corporate decisions. Exploiting information on firms' investment and labor reactions to the COVID-19 crisis, I do … in their assessment of their firms' business situation predicts investment deferral and a reduction in employment. …

and CFOs of a representative sample of firms with a hypothetical vignette in which the oil price rises exogenously above … shock on their firms. We find that the managers expect the shock to have very different effects on their firms: the cross …

Based on a new survey question in a large and representative panel of German firms, this paper introduces a novel … expectations for corporate decisions. Exploiting information on firms' investment and labor reactions to the COVID-19 crisis, I do … in their assessment of their firms' business situation predicts investment deferral and a reduction in employment. …

and CFOs of a representative sample of firms with a hypothetical vignette in which the oil price rises exogenously above … shock on their firms. We find that the managers expect the shock to have very different effects on their firms: the cross …

across sectors and types. They help explain firms' reactions to the shock, which provides evidence for the relevance of real …

across sectors and types. They help explain firms' reactions to the shock, which provides evidence for the relevance of real …

This paper studies how managers plan under uncertainty. In a new survey panel on German manufacturing firms, we show … past growth. In the cross section of firms, however, subjective uncertainty differs from conditional volatility: planning … in successful firms—either large or fast-growing—reflects lower subjective uncertainty than in unsuccessful firms even …

This paper provides survey evidence on firms’ subjective uncertainty about future sales growth from a new … representative panel data set of the German manufacturing sector. The main finding is that uncertainty reflects change: firms report … more subjective uncertainty after either high or low growth realizations. In the cross section of firms, subjective …

This paper studies how managers plan under uncertainty. In a new survey panel on German manufacturing firms, we show … past growth. In the cross section of firms, however, subjective uncertainty differs from conditional volatility: planning … in successful firms—either large or fast-growing—reflects lower subjective uncertainty than in unsuccessful firms even …