effect of the coronavirus crisis on household income and retirement wealth, households' expectations about the recovery, and …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household … upward adjustments in expectations about household debt, desired working hours, and retirement age. Finally, respondents …

spikes in inflation may become ‘baked in’ to inflation expectations, but only among those with the most positive subjective …

How do households adjust their spending behavior in response to changes in home price expectations? We conduct a field … experiment with a sample of Americans that links survey data on home price expectations to actual spending behaviour as measured … in a rich home-scanner dataset. In the experiment we exogenously vary households' home price expectations by providing …

This paper examines how monetary expansion causes asset bubbles. When there is no monetary expansion, a bubbly asset is …

Do survey data on inflation expectations contain useful information for estimating macroeconomic models? I address this … when solved under the assumptions of Rational Expectations and learning. This information serves as an additional moment … inflation expectations. …

consumers, with the aim of both guiding and anchoring their inflation expectations. For the expectations channel of monetary … policy to work as intended, central banks need a thorough understanding of the formation process of expectations by the … general public and of the relationship between expectations and economic choices. This warrants reliable and detailed data on …

self-selected information avoidance. All our findings can be captured by a model of optimally distorted expectations …

bubbles and crashes. These findings are reminiscent of popular narratives according to which aggregate booms and busts might …

We analyse a long panel of households’ stock market beliefs to gain insights into the nature of their expectations … expectations formation. Two of the groups are at opposite extremes in terms of optimism: Pessimists who expect substantially … negative returns and financially sophisticated individuals whose expectations are close to the historical average. Two groups …