Despite our best efforts, many of us often continue to live in the past. Do firms also suffer from similar drawbacks? As part of a survey, researchers Olivier Coibion, Yuriy Gorodnichenko and Saten Kumar found that, operating under a regime that was battling inflation, many firms estimated present, past and future inflation to be higher than usual — more than estimates by professional forecasters — despite easy availability of accurate data. But, despite these beliefs, very few firms thought this phenomenon affected their business decisions; many didn’t even bother collecting information about it. Missing the wood for the trees?
Look back in confusion
Firms estimate present, past and future inflation to be higher than usual despite availability of accurate data
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
Scriptures for success
Kripa Mahalingam - January 27, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Where's the party tonight?
Aditi Saxena - January 27, 2015