Details about Michael Weber

Access statistics for papers by Michael Weber.

Last updated 2025-07-06. Update your information in the RePEc Author Service.

Short-id: pwe349

Working Papers

2025

1. Central Bank Communication with the Polarized Public
   CESifo Working Paper Series, CESifo View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2025) View citations (1)
2. ChatGPT and Corporate Policies
   Papers, arXiv.org View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (4)
3. HOW COSTLY ARE BUSINESS CYCLE VOLATILITY AND INFLATION? A VOX POPULI APPROACH
   Working papers, Yonsei University, Yonsei Economics Research Institute View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2025) View citations (1)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2025) View citations (1)
4. Harnessing Generative AI for Economic Insights
   Papers, arXiv.org
5. Key challenges for monetary policy
   SAFE Policy Letters, Leibniz Institute for Financial Research SAFE
6. Navigating neutrality: ECB policy amid heightened uncertainty
   SAFE White Paper Series, Leibniz Institute for Financial Research SAFE
7. The Long-Term Effects of Inflation on Inflation Expectations
   CESifo Working Paper Series, CESifo
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (1)

2024

8. Household Inflation Expectations: An Overview of Recent Insights for Monetary Policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (12)
9. Households' Response to the Wealth Effects of Inflation
   VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges, Verein für Socialpolitik / German Economic Association
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
   SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE (2023) View citations (9)
   NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (9)
   Working Paper Series, European Central Bank (2024)
   CESifo Working Paper Series, CESifo (2023) View citations (9)
   CFS Working Paper Series, Center for Financial Studies (CFS) (2024)
10. Inflation and Trading
    CESifo Working Paper Series, CESifo View citations (2)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2024) View citations (2)
    SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE (2024) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (3)
11. On Eliciting Subjective Probability Distributions of Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
12. Optimal Monetary and Fiscal Policies in Disaggregated Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
13. Perceived Political Bias of the Federal Reserve
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
14. Subjective Income Expectations and Household Debt Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc
15. Tell me something I don’t already know: learning in low and high-inflation settings
    Working Paper Series, European Central Bank View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (7)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2023) View citations (8)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2023) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
    See also Journal Article Tell Me Something I Don't Already Know: Learning in Low‐ and High‐Inflation Settings, Econometrica, Econometric Society (2025) View citations (4) (2025)
16. Why Survey-Based Subjective Expectations are Meaningful and Important
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article Why Survey-Based Subjective Expectations Are Meaningful and Important, Annual Review of Economics, Annual Reviews (2024) View citations (8) (2024)

2023

17. Cognitive constraints and economic incentives
    Bank of Finland Research Discussion Papers, Bank of Finland
18. Do You Even Crypto, Bro? Cryptocurrencies in Household Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2023) View citations (4)
19. Forward Guidance and Household Expectations
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (29)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (69)
    CESifo Working Paper Series, CESifo (2020) View citations (75)
    Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (76)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2020) View citations (74)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2022) View citations (6)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (69)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (75)
    See also Journal Article Forward Guidance and Household Expectations, Journal of the European Economic Association, European Economic Association (2023) View citations (11) (2023)
20. Greater Than the Sum of Its Parts: Aggregate vs. Aggregated Inflation Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2022

21. Big brother watches you (even when he's dead): Surveillance and long-run conformity
    LawFin Working Paper Series, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin)
22. Climate Change and Individual Behavior
    EconStor Research Reports, ZBW - Leibniz Information Centre for Economics View citations (8)
    Also in Discussion Papers, Deutsche Bundesbank (2022) View citations (9)
    VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association (2022) View citations (8)
23. Does Policy Communication during COVID Work?
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (36)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (36)
    Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (36)
    CESifo Working Paper Series, CESifo (2020) View citations (36)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2022) View citations (8)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (36)
    See also Journal Article Does Policy Communication during COVID Work?, International Journal of Central Banking, International Journal of Central Banking (2022) View citations (5) (2022)
24. Greater Than the Sum of the Parts: Aggregate vs. Aggregated Inflation Expectations
    Working Papers, Federal Reserve Bank of Cleveland View citations (5)
25. How to Finance Climate Change Policies? Evidence from Consumers' Beliefs
    CESifo Working Paper Series, CESifo View citations (5)
26. Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth
    CESifo Working Paper Series, CESifo View citations (14)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (16)
27. Missing Data in Asset Pricing Panels
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Missing Data in Asset Pricing Panels, The Review of Financial Studies, Society for Financial Studies (2025) (2025)
28. The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID-19 Pandemic
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    See also Journal Article The Expected, Perceived, and Realized Inflation of US Households Before and During the COVID19 Pandemic, IMF Economic Review, Palgrave Macmillan (2023) View citations (7) (2023)
29. The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (114)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2022) View citations (113)
    See also Journal Article The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications, Journal of Economic Perspectives, American Economic Association (2022) View citations (112) (2022)
30. What Do the Data Tell Us About Inflation Expectations?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in CESifo Working Paper Series, CESifo (2022) View citations (32)
    NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (35)

2021

31. A Temporary VAT Cut as Unconventional Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
    CESifo Working Paper Series, CESifo (2021) View citations (26)
32. Diverse Policy Committees Can Reach Underrepresented Groups
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
    Also in LawFin Working Paper Series, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin) (2021) View citations (40)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
33. Effective policy communication: Targets versus instruments
    Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management View citations (5)
    Also in Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (38)
    Bank of Finland Research Discussion Papers, Bank of Finland (2020) View citations (25)
34. FISCAL POLICY AND HOUSEHOLDS’ INFLATION EXPECTATIONS: EVIDENCE FROM A RANDOMIZED CONTROL TRIAL
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
35. Fiscal Policy and Households' Inflation Expectations: Evidence from a Randomized Control Trial
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (28)
    Also in CESifo Working Paper Series, CESifo (2021) View citations (28)
    NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (28)
36. Gender Roles and the Gender Expectations Gap
    LawFin Working Paper Series, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin) View citations (2)
    Also in Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (43)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (51)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (39)
    CESifo Working Paper Series, CESifo (2020) View citations (46)
37. Gender roles produce divergent economic expectations
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (25)
    See also Journal Article Gender roles produce divergent economic expectations, Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences (2021) View citations (27) (2021)
38. Human Frictions in the Transmission of Economic Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
39. Human frictions in the transmission of economic policy
    Bank of Finland Research Discussion Papers, Bank of Finland View citations (6)
    Also in Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management (2019) View citations (24)
    2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (20)
40. Managing households' expectations with unconventional policies
    Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (26)
    See also Journal Article Managing Households’ Expectations with Unconventional Policies, The Review of Financial Studies, Society for Financial Studies (2022) View citations (35) (2022)
41. The Effect of Macroeconomic Uncertainty on Household Spending
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (40)
    Also in Working Paper Series, European Central Bank (2021) View citations (39)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2021) View citations (39)
    NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (39)
    See also Journal Article The Effect of Macroeconomic Uncertainty on Household Spending, American Economic Review, American Economic Association (2024) View citations (29) (2024)

2020

42. Big G
    Working Papers, Becker Friedman Institute for Research In Economics
    Also in CESifo Working Paper Series, CESifo (2020)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020)
    Working Papers Central Bank of Chile, Central Bank of Chile (2020)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)
    See also Journal Article Big G, Journal of Political Economy, University of Chicago Press (2024) (2024)
43. Cybersecurity Risk
    Working Papers, Becker Friedman Institute for Research In Economics
    Also in CESifo Working Paper Series, CESifo (2020)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2020)
    See also Journal Article Cybersecurity Risk, The Review of Financial Studies, Society for Financial Studies (2023) View citations (11) (2023)
44. Does Policy Communication during COVID-19 Work?
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (36)
45. How Did U.S. Consumers Use Their Stimulus Payments?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (94)
    Also in Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (102)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2020) View citations (95)
    CESifo Working Paper Series, CESifo (2020) View citations (94)
46. How are households’ consumption plans affected by the COVID-19 pandemic?
    EconStor Research Reports, ZBW - Leibniz Information Centre for Economics View citations (2)
47. Labor Markets During the COVID-19 Crisis: A Preliminary View
    Working Papers, Becker Friedman Institute for Research In Economics View citations (291)
    Also in CESifo Working Paper Series, CESifo (2020) View citations (293)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (298)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (285)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (289)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2020) View citations (299)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (201)
48. Manpower Constraints and Corporate Policies
    CESifo Working Paper Series, CESifo View citations (2)
    Also in VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking, Verein für Socialpolitik / German Economic Association (2017) View citations (1)
49. Monetary Momentum
    Working Papers, Becker Friedman Institute for Research In Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018)
    CESifo Working Paper Series, CESifo (2017) View citations (1)
50. Perceived Precautionary Savings Motives: Evidence from FinTech
    CESifo Working Paper Series, CESifo View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (18)
51. Political Polarization and Expected Economic Outcomes
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (25)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (27)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (28)
    Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (28)
52. Price Rigidity and the Granular Origins of Aggregate Fluctuations
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (8)
53. The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (231)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (208)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (214)
    CESifo Working Paper Series, CESifo (2020) View citations (237)
    Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (242)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (242)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (242)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (253)
    See also Journal Article The cost of the COVID-19 crisis: Lockdowns, macroeconomic expectations, and consumer spending, Journal of Economic Behavior & Organization, Elsevier (2025) View citations (2) (2025)
54. The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy
    Working Papers, Federal Reserve Bank of Cleveland View citations (57)
    Also in CESifo Working Paper Series, CESifo (2018) View citations (35)
    Working Papers Central Bank of Chile, Central Bank of Chile (2019) View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (35)
    See also Journal Article The propagation of monetary policy shocks in a heterogeneous production economy, Journal of Monetary Economics, Elsevier (2020) View citations (49) (2020)

2019

55. Cognitive abilities and inflation expectations
    Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management View citations (46)
    See also Journal Article Cognitive Abilities and Inflation Expectations, AEA Papers and Proceedings, American Economic Association (2019) View citations (46) (2019)
56. Crowdsourcing financial information to change spending behavior
    CESifo Working Paper Series, CESifo View citations (23)
57. Estimating The Anomaly Base Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Estimating the anomaly base rate, Journal of Financial Economics, Elsevier (2021) View citations (12) (2021)
58. Exposure to Daily Price Changes and Inflation Expectations
    CESifo Working Paper Series, CESifo View citations (75)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (65)
59. IQ, Expectations, and Choice
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
    Also in Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management (2019) View citations (30)
    Bank of Finland Research Discussion Papers, Bank of Finland (2019) View citations (2)
    See also Journal Article IQ, Expectations, and Choice, The Review of Economic Studies, Review of Economic Studies Ltd (2023) View citations (9) (2023)
60. Managing Households' Expectations with Salient Economic Policies
    CESifo Working Paper Series, CESifo View citations (9)
61. Monetary Policy Communications and their Effects on Household Inflation Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (200)
    Also in CESifo Working Paper Series, CESifo (2019) View citations (193)
    See also Journal Article Monetary Policy Communications and Their Effects on Household Inflation Expectations, Journal of Political Economy, University of Chicago Press (2022) View citations (216) (2022)
62. Punish One, Teach A Hundred: The Sobering Effect of Punishment on the Unpunished
    CESifo Working Paper Series, CESifo View citations (9)
63. Signaling Safety
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018)
    See also Journal Article Signaling safety, Journal of Financial Economics, Elsevier (2021) View citations (1) (2021)

2018

64. Dissecting Characteristics Nonparametrically
    CESifo Working Paper Series, CESifo View citations (4)
    Also in CESifo Working Paper Series, CESifo (2017) View citations (31)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (38)
    See also Journal Article Dissecting Characteristics Nonparametrically, The Review of Financial Studies, Society for Financial Studies (2020) View citations (151) (2020)
65. Low Inflation: High Default Risk AND High Equity Valuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in CESifo Working Paper Series, CESifo (2018) View citations (3)
66. Price Rigidity and the Origins af Aggregate Fluctuations
    CESifo Working Paper Series, CESifo View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (13)
67. Price rigidities and the granular origins of aggregate fluctuations
    Bank of Finland Research Discussion Papers, Bank of Finland
    Also in CESifo Working Paper Series, CESifo (2017) View citations (24)
    Working Paper Series, European Central Bank (2017) View citations (18)
68. Unconventional Fiscal Policy
    CESifo Working Paper Series, CESifo View citations (44)
    Also in Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management (2018) View citations (49)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (45)
    See also Journal Article Unconventional Fiscal Policy, AEA Papers and Proceedings, American Economic Association (2018) View citations (47) (2018)

2017

69. Deflation, Sticky Leverage and Asset Prices
    2017 Meeting Papers, Society for Economic Dynamics
70. Flexible Prices and Leverage
    CESifo Working Paper Series, CESifo View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (10)
    See also Journal Article Flexible prices and leverage, Journal of Financial Economics, Elsevier (2018) View citations (33) (2018)
71. Historical Antisemitism, Ethnic Specialization, and Financial Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in CESifo Working Paper Series, CESifo (2017) View citations (1)
    See also Journal Article Historical Antisemitism, Ethnic Specialization, and Financial Development, The Review of Economic Studies, Review of Economic Studies Ltd (2019) View citations (58) (2019)
72. Monetary Policy and the Stock Market: Time Series Evidence
    2017 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (11)
    CESifo Working Paper Series, CESifo (2016) View citations (9)
73. Monetary Policy through Production Networks: Evidence from the Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (110)
    Also in CESifo Working Paper Series, CESifo (2017) View citations (101)
    Working Papers, Federal Reserve Bank of Boston (2017) View citations (72)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (28)
74. The Information Content of Dividends: Safer Profits, Not Higher Profits
    CESifo Working Paper Series, CESifo View citations (1)

2016

75. Cash Flow Duration and the Term Structure of Equity Returns
    CESifo Working Paper Series, CESifo View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (7)
    See also Journal Article Cash flow duration and the term structure of equity returns, Journal of Financial Economics, Elsevier (2018) View citations (51) (2018)
76. The Effect of Unconventional Fiscal Policy on Consumption Expenditure
    CESifo Working Paper Series, CESifo View citations (66)
    Also in Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management (2016) View citations (63)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (63)
    See also Journal Article The Effect of Unconventional Fiscal Policy on Consumption Expenditure, ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2017) View citations (10) (2017)
77. Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure
    CESifo Working Paper Series, CESifo View citations (31)

2015

78. Distrust in Finance Lingers: Jewish Persecution and Households' Investments
    2015 Meeting Papers, Society for Economic Dynamics View citations (3)
79. Inflation Expectations and Consumption Expenditure
    2015 Meeting Papers, Society for Economic Dynamics View citations (24)
80. Price Rigidities in a Productive Network
    2015 Meeting Papers, Society for Economic Dynamics

2013

81. Are Sticky Prices Costly? Evidence From The Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Journal Article Are Sticky Prices Costly? Evidence from the Stock Market, American Economic Review, American Economic Association (2016) View citations (240) (2016)
82. Conditional Risk Premia in Currency Markets and Other Asset Classes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (14)
    See also Journal Article Conditional risk premia in currency markets and other asset classes, Journal of Financial Economics, Elsevier (2014) View citations (188) (2014)

Journal Articles

2025

1. Missing Data in Asset Pricing Panels
   The Review of Financial Studies, 2025, 38, (3), 760-802
   See also Working Paper Missing Data in Asset Pricing Panels, NBER Working Papers (2022) (2022)
2. Subjective Models of Workers and Managers for Macroeconomic Expectations
   AEA Papers and Proceedings, 2025, 115, 248-53
3. Tell Me Something I Don't Already Know: Learning in Low‐ and High‐Inflation Settings
   Econometrica, 2025, 93, (1), 229-264 View citations (4)
   See also Working Paper Tell me something I don’t already know: learning in low and high-inflation settings, Working Paper Series (2024) View citations (2) (2024)
4. The cost of the COVID-19 crisis: Lockdowns, macroeconomic expectations, and consumer spending
   Journal of Economic Behavior & Organization, 2025, 229, (C) View citations (2)
   See also Working Paper The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending, IZA Discussion Papers (2020) View citations (231) (2020)

2024

5. Big G
   Journal of Political Economy, 2024, 132, (10), 3260 - 3297
   See also Working Paper Big G, Working Papers (2020) (2020)
6. Crowdsourcing peer information to change spending behavior
   Journal of Financial Economics, 2024, 157, (C) View citations (1)
7. Sectoral Heterogeneity in Nominal Price Rigidity and the Origin of Aggregate Fluctuations
   American Economic Journal: Macroeconomics, 2024, 16, (2), 318-52 View citations (4)
8. The Effect of Macroeconomic Uncertainty on Household Spending
   American Economic Review, 2024, 114, (3), 645-77 View citations (29)
   See also Working Paper The Effect of Macroeconomic Uncertainty on Household Spending, CEPR Discussion Papers (2021) View citations (40) (2021)
9. The heart is a resident tissue for hematopoietic stem and progenitor cells in zebrafish
   Nature Communications, 2024, 15, (1), 1-19
10. Why Survey-Based Subjective Expectations Are Meaningful and Important
    Annual Review of Economics, 2024, 16, (1), 329-357 View citations (8)
    See also Working Paper Why Survey-Based Subjective Expectations are Meaningful and Important, NBER Working Papers (2024) View citations (9) (2024)

2023

11. Cybersecurity Risk
    The Review of Financial Studies, 2023, 36, (1), 351-407 View citations (11)
    See also Working Paper Cybersecurity Risk, Working Papers (2020) (2020)
12. Forward Guidance and Household Expectations
    Journal of the European Economic Association, 2023, 21, (5), 2131-2171 View citations (11)
    See also Working Paper Forward Guidance and Household Expectations, Department of Economics, Working Paper Series (2023) View citations (29) (2023)
13. High Inflation: Low Default Risk and Low Equity Valuations
    The Review of Financial Studies, 2023, 36, (3), 1192-1252 View citations (4)
14. IQ, Expectations, and Choice
    The Review of Economic Studies, 2023, 90, (5), 2292-2325 View citations (9)
    See also Working Paper IQ, Expectations, and Choice, NBER Working Papers (2019) View citations (30) (2019)
15. Perceived and Expected Rates of Inflation of US Firms
    AEA Papers and Proceedings, 2023, 113, 52-55 View citations (5)
16. The Expected, Perceived, and Realized Inflation of US Households Before and During the COVID19 Pandemic
    IMF Economic Review, 2023, 71, (1), 326-368 View citations (7)
    See also Working Paper The Expected, Perceived, and Realized Inflation of U.S. Households before and during the COVID-19 Pandemic, IZA Discussion Papers (2022) View citations (8) (2022)
17. Unconventional Fiscal Policy at Work
    AEA Papers and Proceedings, 2023, 113, 61-64

2022

18. Does Policy Communication during COVID Work?
    International Journal of Central Banking, 2022, 18, (1), 3-39 View citations (5)
    See also Working Paper Does Policy Communication during COVID Work?, Department of Economics, Working Paper Series (2022) View citations (14) (2022)
19. Managing Households’ Expectations with Unconventional Policies
    The Review of Financial Studies, 2022, 35, (4), 1597-1642 View citations (35)
    See also Working Paper Managing households' expectations with unconventional policies, Working Paper Series in Economics (2021) View citations (9) (2021)
20. Monetary Policy Communications and Their Effects on Household Inflation Expectations
    Journal of Political Economy, 2022, 130, (6), 1537 - 1584 View citations (216)
    See also Working Paper Monetary Policy Communications and their Effects on Household Inflation Expectations, NBER Working Papers (2019) View citations (200) (2019)
21. Subjective inflation expectations of households
    Business Economics, 2022, 57, (4), 217-221 View citations (15)
22. The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
    Journal of Economic Perspectives, 2022, 36, (3), 157-84 View citations (112)
    See also Working Paper The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications, NBER Working Papers (2022) View citations (114) (2022)
23. Wie soll der Staat Klimaschutzmaßnahmen finanzieren? Eine repräsentative Befragung deutscher Haushalte
    ifo Schnelldienst, 2022, 75, (05), 11-14

2021

24. Estimating the anomaly base rate
    Journal of Financial Economics, 2021, 140, (1), 101-126 View citations (12)
    See also Working Paper Estimating The Anomaly Base Rate, NBER Working Papers (2019) View citations (1) (2019)
25. Expected Post-Pandemic Consumption and Scarred Expectations from COVID-19
    Economic Commentary, 2021, 2021, (11), 8 View citations (1)
26. Exposure to Grocery Prices and Inflation Expectations
    Journal of Political Economy, 2021, 129, (5), 1615 - 1639 View citations (134)
27. Gender roles produce divergent economic expectations
    Proceedings of the National Academy of Sciences, 2021, 118, (21), e2008534118 View citations (27)
    See also Working Paper Gender roles produce divergent economic expectations, Department of Economics, Working Paper Series (2021) View citations (25) (2021)
28. Inflation: Drivers and Dynamics 2020 CEBRA Annual Meeting Session Summary
    Economic Commentary, 2021, 2021, (03), 3
29. Inflation: Drivers and Dynamics 2020 Conference Summary
    Economic Commentary, 2021, 2021, (02), 7
30. Signaling safety
    Journal of Financial Economics, 2021, 139, (2), 405-427 View citations (1)
    See also Working Paper Signaling Safety, CEPR Discussion Papers (2019) (2019)

2020

31. Consumers and COVID-19: A Real-Time Survey
    Economic Commentary, 2020, 2020, (08), 6 View citations (11)
32. Consumers and COVID-19: Survey Results on Mask-Wearing Behaviors and Beliefs
    Economic Commentary, 2020, 2020, (20), 7 View citations (4)
33. Dissecting Characteristics Nonparametrically
    The Review of Financial Studies, 2020, 33, (5), 2326-2377 View citations (151)
    See also Working Paper Dissecting Characteristics Nonparametrically, CESifo Working Paper Series (2018) View citations (4) (2018)
34. The propagation of monetary policy shocks in a heterogeneous production economy
    Journal of Monetary Economics, 2020, 116, (C), 1-22 View citations (49)
    See also Working Paper The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy, Working Papers (2020) View citations (57) (2020)

2019

35. Cognitive Abilities and Inflation Expectations
    AEA Papers and Proceedings, 2019, 109, 562-66 View citations (46)
    See also Working Paper Cognitive abilities and inflation expectations, Working Paper Series in Economics (2019) View citations (46) (2019)
36. Historical Antisemitism, Ethnic Specialization, and Financial Development
    The Review of Economic Studies, 2019, 86, (3), 1170-1206 View citations (58)
    See also Working Paper Historical Antisemitism, Ethnic Specialization, and Financial Development, NBER Working Papers (2017) View citations (1) (2017)
37. Inflation: Drivers and Dynamics 2019 Conference Summary
    Economic Commentary, 2019, 2019, (22), 6
38. Monetary policy communication, policy slope, and the stock market
    Journal of Monetary Economics, 2019, 108, (C), 140-155 View citations (42)

2018

39. Cash flow duration and the term structure of equity returns
    Journal of Financial Economics, 2018, 128, (3), 486-503 View citations (51)
    See also Working Paper Cash Flow Duration and the Term Structure of Equity Returns, CESifo Working Paper Series (2016) View citations (7) (2016)
40. Flexible prices and leverage
    Journal of Financial Economics, 2018, 129, (1), 46-68 View citations (33)
    See also Working Paper Flexible Prices and Leverage, CESifo Working Paper Series (2017) View citations (4) (2017)
41. Unconventional Fiscal Policy
    AEA Papers and Proceedings, 2018, 108, 519-23 View citations (47)
    See also Working Paper Unconventional Fiscal Policy, CESifo Working Paper Series (2018) View citations (44) (2018)

2017

42. The Effect of Unconventional Fiscal Policy on Consumption Expenditure
    ifo DICE Report, 2017, 15, (01), 09-11 View citations (10)
    See also Working Paper The Effect of Unconventional Fiscal Policy on Consumption Expenditure, CESifo Working Paper Series (2016) View citations (66) (2016)

2016

43. Are Sticky Prices Costly? Evidence from the Stock Market
    American Economic Review, 2016, 106, (1), 165-99 View citations (240)
    See also Working Paper Are Sticky Prices Costly? Evidence From The Stock Market, NBER Working Papers (2013) View citations (23) (2013)

2014

44. Conditional risk premia in currency markets and other asset classes
    Journal of Financial Economics, 2014, 114, (2), 197-225 View citations (188)
    See also Working Paper Conditional Risk Premia in Currency Markets and Other Asset Classes, CEPR Discussion Papers (2013) View citations (16) (2013)