endogenous information acquisition, using tailored surveys of firms and households. First, we show that firms perceive a greater … acquiring or processing information acquire less information. Finally, an exogenous increase in the perceived uncertainty of the … exchange rate increases firms’ demand for a report about exchange rate developments, but not households'. Our findings inform …

endogenous information acquisition, using tailored surveys of firms and households. First, we show that firms perceive a greater … acquiring or processing information acquire less information. Finally, an exogenous increase in the perceived uncertainty of the … exchange rate increases firms' demand for a report about exchange rate developments, but not households'. Our findings inform …

Based on a new survey question in a large and representative panel of German firms, this paper introduces a novel … measure of managers' subjective uncertainty. I compare this measure of business uncertainty to respondents' business … expectations and document a strong negative relationship. However, the link is much weaker in bad times, since uncertainty is then …

-level survey data, we document five facts about pass-through across firms, sectors, and over time. We highlight a new channel …