affects how agents learn from new information. We show that as inflation has recently risen in advanced economies, both … households and firms have become more attentive and informed about inflation, leading them to respond less to exogenously … provided information about inflation and monetary policy. We also study the effects of RCTs in countries where inflation has …

Prominent economic theories have emphasized the role of commonly held perceptions and expectations for determining …

We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on … generates exogenous variation in inflation expectations. We find that higher inflation expectations on the part of firms leads … recent inflation (or the European Central Bank's inflation target) whereas other firms are not. This information treatment …

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal … microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants …

Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and … formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but … the wording of questions matters for the measurement of firms' inflation expectations. Third, we document whether and how …