As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes … biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to … real-life expectations formation process. For this purpose, an exceptional Dutch dataset on monthly expectations regarding …

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast … forecasts. It turns out that the availability of historical data has a dominant impact on expectations and wipes out the …

effect of the coronavirus crisis on household income and retirement wealth, households' expectations about the recovery, and …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household … upward adjustments in expectations about household debt, desired working hours, and retirement age. Finally, respondents …

This paper studies the dynamic effects of an uncertainty shock on firm expectations. We conduct a survey that confronts …

spikes in inflation may become ‘baked in’ to inflation expectations, but only among those with the most positive subjective …

This note evaluates how adaptive learning agents weigh different pieces of information when forming expectations with a …

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 …

quarterly Brent crude oil price forecasts. We examine the expectations building mechanism by referring to the processing of …