It is understandable that people ask how the current financial crisis could happen. As the
market actors appear irrational, it is also understandable that people—lay people and …

Inflation is back–with a vengeance. Following the highly disruptive years of the pandemic,
the world has experienced inflation levels not seen for many decades. A “perfect storm” of …

We assess the prospects for central banks using inflation expectations as a policy tool for
stabilization purposes. We review recent work on how expectations of agents are formed …

This paper argues for a careful (re) consideration of the expectations formation process and
a more systematic inclusion of real-time expectations through survey data in macroeconomic …

Personal experiences of economic outcomes, from global financial crises to individual-level
job losses, can shape individual beliefs, risk attitudes, and choices for years to come. A …

Expectations about economic variables vary systematically across genders. In the domain of
inflation, women have persistently higher expectations than men. We argue that traditional …

Abstract Information frictions play a central role in the formation of household inflation
expectations, but there is no consensus about their origins. We address this question with …

We document how supply-chain pressures, household inflation expectations, and firm
pricing power interacted to induce the pandemic-era surge in consumer price inflation in the …

When financial decisions have consequences beyond the immediate future, individuals'
economic success may depend on their ability to forecast the rate of inflation. Higher …

Nearly 40% of seafood is traded internationally and an even bigger proportion is affected by
international trade, yet scholarship on marine fisheries has focused on global trends in …