Inflation Expectations and Misallocation of Resources: Evidence from Italy

Using Italian data that includes both inflation forecasts of firms and external information on their balance sheets, we study the causal effect of changes in the dispersion of beliefs about future inflation on the misallocation of resources. We find that as disagreement increases, so does本研究采用涵盖企业通胀预测及企业资产负债表外部信息的意大利数据集，旨在探究未来通胀预期分歧的变化对资源错配的因果效应。研究发现，随着分歧加剧，