This letter uses consumer survey data to estimate expectations-augmented Phillips curves with inflation expectations disaggregated by socioeconomic and demographic groups. The inflation expectations of high-income, college-educated, male, and working-age people play a larger role in inflation...

Households were surveyed in the days immediately before and after the June release of the Consumer Price Index (CPI). The CPI release was associated with an 11 percentage point increase in the likelihood that a respondent heard news about inflation, with a larger increase for highly-numerate...

Although uncertainty plays an important role in economic decisionmaking, empirical measures of individuals' uncertainty are rare. The literature on cognition and communication documents that people use round numbers to convey uncertainty. This paper introduces a method of quantifying the...