endogenous information acquisition, using tailored surveys of firms and households. First, we show that firms perceive a greater … exposure to exchange rate movements than households, which is reflected in higher levels of information acquisition and less … rate information strongly increases in various proxies for stake size. Second, households who perceive higher costs of …

estimation of a large VAR through Bayesian techniques. Loans to households emerge as the most important driver of economic …

information frictions among firms and households. First, firms’ expectations about the central bank policy rate, inflation, and … aggregate unemployment are more aligned with expert forecasts and less dispersed than households’. Second, there is … substantially more heterogeneity in information frictions within households than within firms. Third, consistent with firms having …

We provide evidence for an expectation gap, where risk-averse as well as impatient households and experts provide …

Although lower income is associated with overweight (and obesity), such an association is explained by a number of … other confounding effects such as omitted variables (e.g., time preferences) explaining that income effect on overweight. We … study the effect of unearned income shocks resulting from a lottery win (windfall income) on both overweight (alongside …