• Do You Know That I Know That You Know…? Higher-Order Beliefs in Survey Data

      Kumar, S; Coibion, O; Gorodnichenko, Y; Ryngaert, J (Oxford University Press (OUP), 2021)
      We implement a new survey of firms, focusing on their higher-order macroeconomic expectations. The survey provides a novel set of stylized facts regarding the relationship between first-order and higher-order expectations ...