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

This paper surveys the major facts from research on disagreement between households on
what they expect inflation to be. We document them using figures and correlations that …

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 …

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 …

This paper examines whether high public debt levels pose a challenge to containing
inflation. It does so by assessing the impact of public debt surprises on inflation expectations …

We collect novel measures of households' and firms' attention to the economy using open-
ended survey questions, fielded during a large shock to inflation, and provide three sets of …

We document that, during the COVID-19 era, the inflation expectations of Democrats
remained strongly anchored, while those of Republicans did not. Republicans' expectations …

We implement a novel methodology to disentangle two-way causality in inflation and income
expectations in a large, nationally representative survey of US consumers. We find a 20 …

Using household-level data from the Canadian Survey of Consumer Expectations over
2014Q4–2023Q2, we study wage growth expectations and their link with inflation …

We study the redistributive effects of inflation combining administrative bank data with an
information provision experiment during an episode of historic inflation. On average …