Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well … understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included … attention to different aspects of the economy. Attention to the macroeconomy is characterized by large and persistent cross …

Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well … understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included … attention to different aspects of the economy. Attention to the macroeconomy is characterized by large and persistent cross …

We provide evidence on the dynamics, drivers, and consequences of attention to the macroeconomy using tailored panel … surveys of German firms and households. Draw-ing on novel measures of attention based on open-ended questions collected before … and during a historic shock to inflation, we document three sets of results: First, at-tention to the macroeconomy is …

series of experiments. Third, an experiment varying news consumption shows that the media is an important source of …

counterfactual expectation adjustments. Guided by the model, we conduct experiments with representative samples of the US population …