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

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 of economic agents, including how they adjust their beliefs in response to a

本研究开展了一项面向企业的全新调研，重点关注企业的高阶宏观经济预期（higher-order macroeconomic expectations）。该调研提供了一套全新的典型化事实（stylized facts），围绕经济主体（economic agents）的一阶预期（first-order expectations）与高阶预期之间的关联展开，涵盖了经济主体如何针对相关因素调整自身信念的相关内容。