The impact of Covid-19 on Businesses’ Expectations: Evidence from the Decision Maker Panel

21 Pages Posted: 19 Oct 2021

See all articles by Nicholas Bloom

Nicholas Bloom

Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

Philip Bunn

Bank of England

Paul Mizen

University of Nottingham; Bank of England; Centre for Economic Policy Research (CEPR)

Pawel Smietanka

Bank of England

Gregory Thwaites

Bank of England - Monetary Analysis

Date Written: September 25, 2020

Abstract

The prospects for the economy depend crucially on the spending decisions that households and businesses make. Those decisions may depend, not just on their views on the most likely future outcome, but also on the degree of uncertainty around their expectations. Measuring and understanding those expectations is therefore very important for economic policymakers. This article uses data from the Decision Maker Panel (DMP) Survey to show how the spread of Covid-19 and the measures to contain it have affected the expectations of businesses.

Suggested Citation

Bloom, Nicholas and Bunn, Philip and Mizen, Paul and Smietanka, Pawel and Thwaites, Gregory, The impact of Covid-19 on Businesses’ Expectations: Evidence from the Decision Maker Panel (September 25, 2020). Bank of England Quarterly Bulletin 2020 Q3, Available at SSRN: https://ssrn.com/abstract=3945566

Nicholas Bloom

Stanford University - Department of Economics ( email )

Landau Economics Building, Room 231
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United States
650-725-7836 (Phone)

HOME PAGE: http://economics.stanford.edu/faculty/bloom

National Bureau of Economic Research (NBER) ( email )

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Cambridge, MA 02138
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Philip Bunn (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Paul Mizen

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5479 (Phone)
+44 115 951 4159 (Fax)

Bank of England

Threadneedle Street
London, EC2R 8AH
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Pawel Smietanka

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Gregory Thwaites

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

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