impact of uncertainty and failed expectations induced by money leads to specific patterns of economic disruption. These …

This paper evaluates how the way agents weight information when forming expectations can affect the econometric … lead to substantial biases to estimates of expectations relevance for inflation, and (ii) that these biases can spill over …

According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even … design a laboratory experiment to study the conditions under which the expectations channel operates. Our results indicate … consumption, which supports the expectations channel. We also find that the expectations channel is more pronounced if the fiscal …