expectations on future home values. We explore the relationship between house price expectations, local economic conditions, and … households' individual characteristics. We examine the heterogeneity in expectations based on panel data models. In particular … price expectations vary significantly over time, and are positively related to past housing returns and perceived economic …

. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect … expectations on non-durable spending are imprecisely estimated but there is a sharp negative effect on durable spending. We provide … as well as aggregate spending when they increase their inflation expectations. There is little evidence to support the …

We use a large-scale representative survey of households from October 19-21 that elicits respondents' expectations … about the presidential election's outcome as well as their economic expectations to document several new facts. First … changes in economic expectations in turn are likely to affect household economic decisions. …