In this project, we aim to contribute to the Priority Programme "Experience and Expectation: Historical Foundations of Economic Behaviour" by investigating the determinants and effects of business expectations in Germany after 1980. We will put a special focus on how institutional change and crises a) alter the way how expectations are formed, and b) impact on the pass-through of expectations into economic actions. Our principal data source is the EBDC Business Expectations Panel (BEP) of the LMU-ifo Economics & Business Data Center (EBDC) in Munich.
Enders, Zeno / Hünnekes, Franziska / Müller, Gernot J. (2019): Monetary Policy Announcements and Expectations: Evidence from German Firms. Working Papers of the Priority Programme 1859 “Experience and Expectation. Historical Foundations of Economic Behaviour” No 10 (September), Berlin (forthcoming)