This paper analyzes how the formation of expectations constrains monetary and fiscal policy design. Economic agents … the policy regime using historical data. Regime uncertainty substantially narrows, relative to a rational expectations … analysis of the model, the menu of policies consistent with expectations stabilization. When agents are learning about the …

Public expectations and perceptions of inflation may affect economic decisions, and have subsequent effects on actual … in general,' as well as 'the rate of inflation' and 'price you pay.' Reported expectations and perceptions were higher …' and 'prices you pay' focused respondents relatively more on personal price experiences-and elicited expectations that were …

respect to variation in the real interest rate - using subjective expectations from the newly released FRBNY Survey of … Consumer Expectations (SCE). This dataset is unique, since it includes consumers' expectations of both consumption growth and …

This report presents an overview of the Survey of Consumer Expectations, a new monthly online survey of a rotating … panel of household heads. The survey collects timely information on consumers' expectations and decisions on a broad variety … three main goals of the survey: (1) measuring consumer expectations at a high frequency, (2) understanding how these …

Because students rely on their subjective expectations when choosing a college major, understanding this process of … expectations formation is crucial for education policy recommendations. This paper focuses on how college students form … expectations about various major-specific outcomes. I collect a unique panel data set of Northwestern University undergraduates …