Fed: Attention Allocation and Belief Distortions
May 22, 2026
May 22, 2026
WASHINGTON, May 22 (TNSRep) -- The Federal Reserve issued the following white paper (No. 2026-1438) in May 2026 by Sai Ma entitled "Attention Allocation and Belief Distortions".
Here are excerpts:
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Using microdata from the Michigan Survey of Consumers, we study how within-household reallocations of attention across news affect inflation expectation bias, measured relative to a real-time, machine-learning full-information benchmark. Shifting . . .
Here are excerpts:
* * *
Using microdata from the Michigan Survey of Consumers, we study how within-household reallocations of attention across news affect inflation expectation bias, measured relative to a real-time, machine-learning full-information benchmark. Shifting . . .