We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …" prices) in a dataset containing prices and quantities sold for numerous retailers across a variety of U.S. metropolitan areas …. Both the frequency and size of sales fall when local unemployment rates rise and yet the inflation rate for effective …

We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals’ inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …

of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized … then provide 22 different forms of information regarding past, current and/or future inflation and interest rates … beyond one year do not have any additional impact on forecasts. Exogenous variation in inflation expectations transmits into …

of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized … then provide 22 different forms of information regarding past, current and/or future inflation and interest rates … beyond one year do not have any additional impact on forecasts. Exogenous variation in inflation expectations transmits into …

. They also expect lower future inflation, report higher uncertainty, expect lower mortgage rates for up to 10 years, and …

. They also expect lower future inflation, report higher uncertainty, expect lower mortgage rates for up to 10 years, and …