Introducing a new survey of US firms' inflation expectations, we document key stylized facts
involving what US firms know and expect about inflation and monetary policy. The resulting …

New surveys provide a wealth of information on how economic agents form their
expectations and how those expectations shape their decisions. We review recent evidence …

We revisit the question of why shifts in aggregate demand drive business cycles. Our theory
combines intertemporal substitution in production with rational confusion, or bounded …

This paper examines novel household-level data from the Canadian Survey of Consumer
Expectations (CSCE) from 2014Q4 to 2022Q1 to understand households' expectations …

Using sector-level survey data for the universe of Japanese firms, we establish the positive
co-movement in the firm's expectations about aggregate and sector-specific demand shocks …

This paper studies the effects of inflation and idiosyncratic cost expectations on firms' price-
adjusting decisions. Evidence of price-settings frictions using micro data has been studied …

How do inflation and idiosyncratic cost expectations affect firms' price-adjusting decisions?
Evidence on micro price adjustment has emphasized that price changes follow a fixed …