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

We provide one of the first systematic assessments of the development and determinants of
economic anxiety at the onset of the coronavirus pandemic. Using a global data set on …

This chapter reviews how expectations data can inform theories of the labor market and job
search. The main focus of the chapter is on expectations data regarding outcomes of the job …

In order to understand the impact of the COVID-19 pandemic on higher education, we
surveyed approximately 1500 students at one of the largest public institutions in the United …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

The 2020 CARES Act directed large cash payments to households. We analyze households'
spending responses using data from a Fintech nonprofit, exploring heterogeneity by income …

This paper studies whether house prices reflect belief differences about climate change. We
show that in an equilibrium model of housing choice in which agents derive utility from …

We study a newly designed survey administered to a large panel of wealthy retail investors.
The survey elicits beliefs that are important for macroeconomics and finance, and matches …

Consumers rely on the price changes of goods in their grocery bundles when forming
expectations about aggregate inflation. We use micro data that uniquely match individual …

It surprised investors, who dumped stocks and brought the market index down by 500 points
on Monday. It surprised policymakers, who rushed to rescue other financial institutions after …