The Macroeconomic Expectations of U.S. Managers
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.
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Copy CitationEthan M. L. McClure, Olivier Coibion, and Yuriy Gorodnichenko, "The Macroeconomic Expectations of U.S. Managers," NBER Working Paper 29986 (2022), https://doi.org/10.3386/w29986.Download Citation
Published Versions
ETHAN M.L. McCLURE & VITALIIA YAREMKO & OLIVIER COIBION & YURIY GORODNICHENKO, 2025. "The Macroeconomic Expectations of U.S. Managers," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(4), pages 683-716, June, DOI: 10.1111/jmcb.13163. citation courtesy of ![]()
ETHAN M.L. McCLURE & VITALIIA YAREMKO & OLIVIER COIBION & YURIY GORODNICHENKO, 2025. "The Macroeconomic Expectations of U.S. Managers," Journal of Money, Credit and Banking, vol 57(4), pages 683-716.