For decades, households' subjective expectations elicited via surveys have been
considered meaningless because they often differ substantially from the forecasts of …

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 propose a new methodology to build portfolios that hedge the economic and financial
risks from climate change. Our quantity-based approach exploits information on how mutual …

In this chapter, we discuss field experiments in surveys that are conducted with the purpose
of learning about expectation formation and the link between expectations and behavior. We …

We compare causal effects of forward guidance about future interest rates on households'
expectations of inflation and nominal mortgage rates to the effects of communication about …

At the outbreak of the recent inflation surge, the public's attention to inflation was low but
increased rapidly once inflation started to rise. In this paper, I develop a general equilibrium …

What is the effect of higher expectations of future inflation on current inflation? I compute this
passthrough for a series of canonical firm-pricing models, but allowing for arbitrary …

How do global political shocks influence individuals' expectations about economic
outcomes? We run a unique survey on inflation expectations among 145 tenured economics …

A shock that increases short-term inflation expectations has negative macroeconomic
effects, increasing inflation and decreasing output. The third-order solution of a rich DSGE …

Inflation Developments in the Euro Area Since the Onset of the Pandemic Page 1 Nickel,
Christiane; Koester, Gerrit; Lis, Eliza Article Inflation Developments in the Euro Area Since the …