Surveys are an essential approach for eliciting otherwise invisible factors such as
perceptions, knowledge and beliefs, attitudes, and reasoning. These factors are critical …

We review the recent literature on rational inattention, identify the main theoretical
mechanisms, and explain how it helps us understand a variety of phenomena across fields …

Abstract Information provision experiments allow researchers to test economic theories and
answer policy-relevant questions by varying the information set available to respondents …

We document and evaluate how businesses are reacting to the COVID-19 crisis through
August 2020. First, on net, firms see the shock (thus far) largely as a demand rather than …

Abstract The Federal Reserve cut interest rates on March 3, 2020, in response to COVID-19.
On March 5 and 6, I surveyed over 500 consumers about their concerns about COVID-19 …

We study how different forms of communication influence inflation expectations in a
randomized controlled trial using nearly 20,000 US individuals. We elicit individuals' inflation …

Using randomized control trials (RCTs) applied over time in different countries, we study
whether the economic environment affects how agents learn from new information. We show …

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 …

We use randomized treatments that provide different types of information about the first
and/or second moments of future economic growth to generate exogenous changes in the …

Abstract We survey New Zealand firms and document novel facts about their
macroeconomic beliefs. There is widespread dispersion in beliefs about past and future …