Can fluctuations in climate affect economic activity by altering beliefs about the economy? Using new data on subjective well-being and economic sentiment, this paper documents a causal effect of extreme temperatures (below 15 and above 85 degrees Fahrenheit) on beliefs about current and future...

Using daily consumer survey data, we analyze the transmission of gas prices to consumer beliefs and expectations about the economy. We exploit the high frequency and geographic disaggregation of our dataset to facilitate identification. Consumer sentiment becomes more pessimistic with rising gas...

The costs and benefits of environmental policy depend crucially on the assumed micro-elasticities between market and non-market goods. In their absence, general equilibrium models have assumed environmental amenities are perfect substitutes with market goods, such as consumption and leisure. The...

It is well documented that policy and behavioral responses to the SARS-CoV-2 (COVID-19) pandemic have become politically polarized in the United States. We test whether some of these differences may be the result of varying exposure to information using a nationally representative sample of...

We use daily survey data from Gallup to assess whether households' beliefs about economic conditions are influenced by surprises in monetary policy announcements. We first provide more general evidence that public confidence in the state of the economy reacts to certain types of macroeconomic...

We use daily survey data from Gallup to assess whether households' beliefs about economic conditions are influenced by surprises in monetary policy announcements. We first provide more general evidence that public confidence in the state of the economy reacts to certain types of macroeconomic...

There has been a surge in political polarization and discrimination based on religious and political attitudes in the workplace. Using a nationally-representative sample of nearly 3,000 respondents, this paper presents new empirical evidence on the incidence of social hostilities in the...

This paper investigates the causal effect of economic sentiment on consumption using micro-data between 2008 and 2017. After showing that individuals update their beliefs about the national state of the economic in response to local housing and labor market fluctuations, I use the Social...