Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well … understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included … attention to different aspects of the economy. Attention to the macroeconomy is characterized by large and persistent cross …

We provide evidence on the dynamics, drivers, and consequences of attention to the macroeconomy using tailored panel … surveys of German firms and households. Draw-ing on novel measures of attention based on open-ended questions collected before … and during a historic shock to inflation, we document three sets of results: First, at-tention to the macroeconomy is …

measure beliefs about the effects of macroeconomic shocks on unemployment and inflation, providing respondents with identical …,500 US households and 1,500 experts, beliefs are widely dispersed, even about the directional effects of shocks, and there are … large differences in average beliefs between households and experts. Part of this disagreement seems to arise from selective …

Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well … understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included … attention to different aspects of the economy. Attention to the macroeconomy is characterized by large and persistent cross …

series of experiments. Third, an experiment varying news consumption shows that the media is an important source of …

representative of the US population and a sample of more than 1,000 experts, we measure beliefs about how the unemployment rate and …

dispersed beliefs about past and future exchange rate realizations. Similarly, within the two samples, acquisition of exchange …