000			01590nam a22001577a 4500
999			_c525950 _d525950
008			240426b ||||| |||| 00| 0 eng d
100			_aMikosch, Heiner et al _951902
245			_aUncertainty and information acquisition: Evidence from firms and households
260			_aAmerican Economic Journal: Microeconomics
300			_a16(2), Apr, 2024: p.375-405
520			_aWe leverage the small open economy Switzerland as a testing ground for basic premises of macroeconomic models of endogenous information acquisition, using tailored surveys of firms and households. Firms and households perceiving a greater exposure to exchange rate fluctuations acquire more information about the exchange rate. Moreover, higher perceived costs of acquiring or processing information are associated with lower levels of information acquisition. Finally, an exogenous increase in the perceived uncertainty of the exchange rate increases firms' demand for a report about exchange rate developments, but not households'. Our findings inform the modeling of information frictions in macroeconomics.- Reproduced https://www.aeaweb.org/articles?id=10.1257/mac.20220047
650			_aMacroeconomics, endogenous information acquisition, small open economy, Switzerland, exchange rate fluctuations, information frictions, tailored surveys, firms, households, perceived exposure, information acquisition costs, perceived uncertainty, demand for exchange rate reports, aggregate modeling _951903
773			_aAmerican Economic Journal: Microeconomics
906			_aMACRO- ECONOMICS
942			_cAR