We study the effects of monetary policy shocks on—and their historical contribution to—
consumption and income inequality in the United States since 1980 as measured by the …

We implement a survey of Dutch households in which random subsets of respondents
receive information about inflation. The resulting exogenously generated variation in …

As the pandemic spread across the US, disagreement among US households about inflation
expectations surged along with the mean perceived and expected level of inflation …

Official income inequality statistics indicate a sharp rise in inequality over the past five
decades. These statistics do not accurately reflect inequality because income is poorly …

Emerging rideshare jobs promise workers more choice over their hours. Does this increased
flexibility help workers smooth income shocks? A sample of approximately 18,000 rideshare …

Over the last 15 years, individual households have concentrated their spending on a few
preferred products. However, this is not driven by “superstar” products capturing larger …

There is little systematic work on how much the core of mainstream macroeconomics has
changed since the crisis of 2008 and even less on what explains patterns of stability and …

Cash transfer payments are an increasingly widespread policy tool in developed and
developing countries, used for both short-term objectives such as boosting consumer …

This paper develops an equilibrium theory of expenditure inequality and price dispersion to
study how retail prices respond to households' shopping behavior. The theory features …

This paper provides a first proof of concept that naturally occurring transaction data, arising
from the decentralized activity of millions of economic agents, can be harnessed to produce …