Using responses obtained through the Nielsen Homescan panel survey, we explore the differences between managers' and … non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit … information provided in a randomized control trial. Finally, the inflation expectations of managers deviate systematically from …

"anchored" expectations, the inflation expectations of U.S. managers appear far from anchored, much like those of households …. And like households, U.S. managers are largely uninformed about recent aggregate inflation dynamics or monetary policy …