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The impact of Covid-19 on businesses’ expectations: evidence from the Decision Maker Panel

Author

Listed:
  • Bloom, Nicholas

    (Stanford University)

  • Bunn, Philip

    (Bank of England)

  • Mizen , Paul

    (University of Nottingham)

  • Smietanka , Pawel

    (Bank of England)

  • Thwaites , Gregory

    (University of Nottingham)

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 & Bunn, Philip & Mizen , Paul & Smietanka , Pawel & Thwaites , Gregory, 2020. "The impact of Covid-19 on businesses’ expectations: evidence from the Decision Maker Panel," Bank of England Quarterly Bulletin, Bank of England, vol. 60(3), pages 1-1.
    • Handle: RePEc:boe:qbullt:0254
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    File URL: https://www.bankofengland.co.uk/quarterly-bulletin/2020/2020-q3/the-impact-of-covid-19-on-businesses-expectations-evidence-from-the-decision-maker-panel
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    Citations

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    Cited by:

    1. Hites Ahir & Nicholas Bloom & Davide Furceri, 2022. "The world uncertainty index," CEP Discussion Papers dp1842, Centre for Economic Performance, LSE.
    2. Jack Blundell & Stephen Machin & Maria Ventura, 2020. "Covid-19 and the self-employed: six months into the crisis," CEP Covid-19 Analyses cepcovid-19-012, Centre for Economic Performance, LSE.
    3. Simionescu, Mihaela & Raišienė, Agota Giedrė, 2021. "A bridge between sentiment indicators: What does Google Trends tell us about COVID-19 pandemic and employment expectations in the EU new member states?," Technological Forecasting and Social Change, Elsevier, vol. 173(C).

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