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 …

We survey samples of German firms and households to document novel stylized facts about the extent of information … dispersed than households', consistent with higher information frictions among households. Second, the degree of dispersion and … the distance from expert forecasts varies more across groups of households than across groups of firms. Third, firms …

We survey samples of German firms and households to document novel stylized facts about the extent of information … dispersed than households', consistent with higher information frictions among households. Second, the degree of dispersion and … the distance from expert forecasts varies more across groups of households than across groups of firms. Third, firms …

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 …

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 …

We use surveys of German households and firms to study the extent of information frictions among different groups of … with expert forecasts and less dispersed than households'. Moreover, firms update their policy rate expectations … significantly less when provided with an expert forecast and do not extrapolate to expected own borrowing rates, while households …

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 …

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 survey samples of German firms and households to document novel stylized facts about the extent of information … dispersed than households', consistent with higher information frictions among households. Second, the degree of dispersion and … the distance from expert forecasts varies more across groups of households than across groups of firms. Third, firms …

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 …