Working Papers
2023
2023-12
The Impact of Supply Chain Disruptions on Business Expectations during the Pandemic
Brent H. Meyer, Brian C. Prescott, and Xuguang Simon Sheng
September 2023
2023-8
Tell Me Something I Don't Already Know: Learning in Low- and High-Inflation Settings
Michael Weber, Bernardo Candia, Tiziano Ropele, Rodrigo Lluberas, Serafin Frache, Brent Meyer, Saten Kumar, Yuriy Gorodnichenko, Dimitris Georgarakos, Olivier Coibion, and Geoff Kenny
July 2023
2023-5
Estimates of Cost-Price Passthrough from Business Survey Data
Keshav Dogra, Sebastian Heise, Edward S. Knotek, Brent H. Meyer, Robert W. Rich, Raphael S. Schoenle, Georgio Topa, Wilbert van der Klaauw, and Wändi Bruine de Bruin
June 2023
2022
2022-7
The Shift to Remote Work Lessens Wage-Growth Pressures
José Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer, and Emil Mihaylov
2021
2021-12b
Unit Cost Expectations and Uncertainty: Firms' Perspectives on Inflation
Brent H. Meyer and Xuguang Simon Sheng
March 2021 (Revised December 2021 and March 2024)
2021-3a
COVID-19 Is a Persistent Reallocation Shock
Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, and Brent H. Meyer
January 2021 (Revised March 2021)
2021-2
Pandemic-Era Uncertainty on Main Street and Wall Street
Brent Meyer, Emil Mihaylov, Steven J. Davis, Nicholas Parker, David Altig, Jose Maria Barrero, and Nicholas Bloom
January 2021
2020
2020-17a
The Impact of the COVID-19 Pandemic on Business Expectations
Brent H. Meyer, Brian Prescott, and Xuguang Simon Sheng
September 2020 (Revised December 2020)
2020-09
Economic Uncertainty before and during the COVID-19 Pandemic
Dave Altig, Scott Brent Baker, Jose Maria Barrero, Nick Bloom, Phil Bunn, Scarlet Chen, Steven J. Davis, Brent Meyer, Emil Mihaylov, Paul Mizen, Nick Parker, Thomas Renault, Pawel Smietanka, and Greg Thwaites
July 2020
2019
2019-13c
Surveying Business Uncertainty
David Altig, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer, and Nicholas Parker
June 2019 (Revised July 2019; February and August 2020)
2016
2016-13
The Usefulness of the Median CPI in Bayesian VARs Used for Macroeconomic Forecasting and Policy
Brent Meyer and Saeed Zaman
November 2016
2015
2015-1
Lessons for Forecasting Unemployment in the United States: Use Flow Rates, Mind the Trend
Brent Meyer and Murat Tasci
February 2015
2014
2014-27a
The Inflation Expectations of Firms: What Do They Look Like, Are They Accurate, and Do They Matter?
Michael F. Bryan, Brent H. Meyer, and Nicholas B. Parker
(Revised) January 2015
2014-3
Trimmed-Mean Inflation Statistics: Just Hit the One in the Middle
Brent Meyer and Guhan Venkatu
March 2014
2013
13-03
It's Not Just for Inflation: The Usefulness of the Median CPI in BVAR Forecasting
Brent Meyer and Saeed Zaman
February 2013
Federal Reserve Bank of Cleveland
2012
12-17
Trimmed-Mean Inflation Statistics: Just Hit the One in the Middle
Brent Meyer and Guhan Venkatu
September 2012
Federal Reserve Bank of Cleveland
Articles
2025
Brent Meyer, Aaron Jalca, Michael Dwight Sparks, and David Wiczer "Will Tariffs Touch Off an Inflationary Impulse? Business Execs Think So.." Policy Hub (2025-4).
Jose Maria Barrero, Nick Bloom, Steven J. Davis, Kevin Foster, Aaron Jalca, and Brent Meyer. "How Long Will Tariff-Related Uncertainty Last? Business Execs Are Split." Policy Hub: Macroblog. July 17, 2025.
Zach Edwards, Brent Meyer, and Daniel Weitz. "The Evolving Impact of Tariffs on CFOs' Outlooks" Policy Hub: Macroblog. July 2, 2025.
Kevin Foster, Aaron Jalca, and Brent Meyer. "Worried about Tariff Passthrough onto Prices? So Are Business Execs." Policy Hub: Macroblog. June 5, 2025.
Jose Maria Barrero, Nick Bloom, Steven J. Davis, Kevin Foster, Aaron Jalca, and Brent Meyer. "Uncertainty over (Trade) Policy Will Cut Hiring and Investment, Say Business Execs" Policy Hub: Macroblog. May 15, 2025.
Brent Meyer, Laren Taylor, and Daniel Weitz. "How Are Tariffs Affecting Firms?." Policy Hub: Macroblog. April 1, 2025.
Brent Meyer and Daniel Weitz "In Optimism We Trust? Explaining the Disconnect between Post-Election Optimism and Own-Firm Expectations." Policy Hub (2025-2).
2024
Brent Meyer and Daniel Weitz. "How Does Election Uncertainty Impact Firms?" Policy Hub: Macroblog. September 25, 2024.
Nick Bloom, Steven J. Davis, Kevin Foster, Brent Meyer, and Emil Mihaylov. "Are Real Wages Catching Up?" Policy Hub: Macroblog. June 27, 2024.
Brent Meyer and Daniel Weitz. "Do Firms Expect Growth in Prices to Persist—and Does Automation Make a Difference?" Policy Hub: Macroblog. June 20, 2024.
2023
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Kevin Foster, Brent Meyer, and Emil Mihaylov. "Credit Conditions Are Tightening. Are Firms Feeling the Pinch?" Policy Hub: Macroblog. May 25, 2023.
2022
Federico Mandelman and Brent Meyer. "Lessons from the Past: Can the 1970s Help Inform the Future Path of Monetary Policy?" Policy Hub: Macroblog. August 31, 2022.
Antar Diallo, Kevin Foster, Brent Meyer, and Brian Prescott. "Firms' Inflation Expectations: Not Unanchored, but Perhaps Unsettled?" Policy Hub: Macroblog. August 2, 2022.
Brent Meyer and Mark E. Schweitzer "Impact of the Pandemic on US Businesses: New Results from the Annual Business Survey." Policy Hub (2022-3).
David E. Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Kevin Foster, Brent Meyer, Emil Mihaylov, and Nick Parker. "Hybrid Working Arrangements: Who Decides?" Policy Hub: Macroblog. January 12, 2022.
2021
David E. Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "Onboarding Remote Workers: A Hassle? Maybe. A Barrier? No." Policy Hub: Macroblog. July 15, 2021.
John Graham, Brent Meyer, Roisin McCord, Emil Mihaylov, Nicholas Parker, and Sonya Ravindranath Waddell. "Are Labor Shortages Slowing the Recovery? A View from the CFO Survey." Policy Hub: Macroblog. July 14, 2021.
John Graham, Roisin McCord, Brent Meyer, Emil Mihaylov, Nicholas Parker, and Sonya Ravindranath Waddell. "CFOs Growing More Optimistic, See Only Modest Boost from Stimulus Plan." Policy Hub: Macroblog. April 7, 2021.
Kevin Foster, Brent Meyer, and Brian Prescott. "Inflation Expectations Reflect Concerns over Supply Disruptions, Crimped Capacity." Policy Hub: Macroblog. March 22, 2021.
David E. Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "WFH Is Onstage and Here to Stay." Policy Hub: Macroblog. February 24, 2021.
2013
Brent Meyer, Guhan Venkatu and Saeed Zaman. " Forecasting Inflation? Target the Middle
," Federal Reserve Bank of Cleveland Economic Commentary, April 11, 2013.
2012
Brent Meyer and Murat Tasci. "An Unstable Okun's Law, Not the Best Rule of Thumb
," Federal Reserve Bank of Cleveland Economic Commentary, June 7, 2012.
Brent Meyer. "Do Rising Rents Complicate Inflation Assessment?
," Federal Reserve Bank of Cleveland Economic Commentary, February 23, 2012.
2011
Brent Meyer and Guhan Venkatu. "Demographic Differences in Inflation Expectations: What Do They Really Mean?
," Federal Reserve Bank of Cleveland Economic Commentary, May 17, 2011.
2010
Brent Meyer and Mark E. Schweitzer. "Is an explicit inflation objective consistent with a dual mandate?
," Federal Reserve Bank of Cleveland, 2010 Annual Report, December 31, 2010.
Brent Meyer and Mehmet Pasaogullari. "How can inflation be considered low when food and gas prices are so high?
," Federal Reserve Bank of Cleveland, 2010 Annual Report, December 31, 2010.
Brent Meyer and Mehment Pasaogullari. "Simple Ways to Forecast Inflation: What Works Best?
," Federal Reserve Bank of Cleveland Economic Commentary, December 6, 2010.
Michael F. Bryan and Brent Meyer. "Are Some Prices in the CPI More Forward Looking than Others? We Think So
," Federal Reserve Bank of Cleveland Economic Commentary, May 19, 2010.
2007
Joseph G. Haubrich and Brent Meyer. "Peak Oil
," Federal Reserve Bank of Cleveland Economic Commentary, August 15, 2007.
Interviews 
2019
Brent Meyer. "What Are Businesses Reacting To? A Conversation about Uncertainty." Economy Matters. 2019 August.
Brent Meyer. "Getting Personal with Inflation and the Cost of Living ." ECONversations. 2015 September.
Blog Posts
2020
Brent Meyer and Emil Mihaylov. "A Dashboard Approach to Monitoring Underlying Inflation," macroblog. November 12, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "COVID, Election Uncertainty Weigh Heavily on Firms' Outlook," macroblog. October 22, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "Post-COVID Recovery? Not So Fast, My Friend," macroblog. October 1, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "Firms Anticipate COVID-19 Uncertainty to Persist, but Not Worsen," macroblog. September 2, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "Businesses Anticipate Slashing Postpandemic Travel Budgets," macroblog. August 4, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "COVID Won't Kill Demand for Office Space," macroblog. July 10, 2020.
John Graham, Brent Meyer, Roisin McCord, Nicholas Parker, and Sonya Ravindranath Waddell. "Firms Do Not Anticipate Regaining Pre-COVID Employment Levels through 2021," macroblog, July 8, 2020.
Brent Meyer, Nick Parker, and Brian Prescott. "Seven in 10 Firms Sought Financial Help during the COVID-19 Crisis," macroblog. June 18, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "Firms Expect Working from Home to Triple," macroblog. May 28, 2020.
John Graham, Brent Meyer, Nicholas Parker, and Sonya Ravindranath Waddell. "Introducing the CFO Survey," macroblog. May 15, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "U.S. Firms Foresee Intensifying Coronavirus Impact," macroblog. May 4, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "COVID-19 Caused 3 New Hires for Every 10 Layoffs," macroblog. May 1, 2020.
Brent Meyer and Nick Parker. "Businesses Are in Uncharted Waters," macroblog. April 17, 2020.
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "American Firms Foresee a Huge Negative Impact of the Coronavirus," macroblog. March 23, 2020.
2019
David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, and Nick Parker. "New Evidence Points to Mounting Trade Policy Effects on U.S. Business Activity," macroblog. November 1, 2019.
David Altig, Nick Bloom, Steven J. Davis, Brent Meyer, and Nick Parker. "Tariff Worries and U.S. Business Investment, Take Two," macroblog. February 25, 2019.
2018
David Altig, Nick Bloom, Steven J. Davis, Brent Meyer, and Nick Parker. "Are Tariff Worries Cutting into Business Investment?
," macroblog. August 7, 2018.
Dave Altig, Nick Parker, Brent Meyer, Steve Davis, Nick Bloom, and José Barrero. "What Are Businesses Saying about Tax Reform Now?
," macroblog. March 23, 2018.
Dave Altig, Brent Meyer, and Nick Parker. "What Businesses Said about Tax Reform
," macroblog. January 17, 2018.
2017
Dave Altig, Nicholas Parker, and Brent Meyer. "The Fed's Inflation Goal: What Does the Public Know?
." macroblog. April 19, 2017.
2016
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "Lockhart Casts a Line into the Murky Waters of Uncertainty
." macroblog, July 18, 2016.
2015
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "What Do U.S. Businesses Know that New Zealand Businesses Don't? A Lot (Apparently).
." macroblog. September 21, 2015.
Brent Meyer. "Getting to the Core of Goods and Services Prices
." macroblog. July 17, 2015.
Brent Meyer. "Different Strokes for Different Folks
." macroblog. July 16, 2015.
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "Approaching the Promised Land? Yes and No.
." macroblog. June 23, 2015.
Michael F. Bryan and Brent Meyer. "myCPI: Getting More Personal with Inflation
." macroblog. May 27, 2015.
Brent Meyer. "Déjà Vu All Over Again
." macroblog. April 17, 2015.
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "Are Oil Prices "Passing Through"?
." macroblog. February 23, 2015.
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "Business as Usual?
." macroblog. February 20, 2015.
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "Gauging Inflation Expectations with Surveys, Part 3: Do Firms Know What They Don't Know?
." macroblog. January 9, 2015.
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "Gauging Inflation Expectations with Surveys, Part 2: The Question You Ask Matters—A Lot
." macroblog. January 7, 2015.
Michael F. Bryan, Brent Meyer, and Nicholas Parker. "Gauging Inflation Expectations with Surveys, Part 1: The Perspective of Firms
." macroblog. January 5, 2015.
2013
Michael F. Bryan, Patrick Higgins, Brent Meyer, and Nicholas Parker. "Weighing In on the Recent Discrepancy in the Inflation Statistics
." macroblog. May 9, 2013.
2011
Michael F. Bryan and Brent Meyer. "Should we even read the monthly inflation report? Maybe not. Then again...
." macroblog. June 1, 2011.
2010
David Altig and Brent Meyer. "The money-inflation connection: It's baaaack!
." macroblog. July 28, 2010.
Michael F. Bryan and Brent Meyer. "Sticky-price CPI up slightly in April...Wait, what?
" macroblog.
May 28, 2010.
2009
Michael F. Bryan and Brent Meyer. "The September CPI with all the trimmings
." macroblog. October 16, 2009.
Michael F. Bryan and Brent Meyer. "Yet another cut at the recent retail price data
." macroblog. March 3, 2009.
Articles
2025
"Unit Cost Expectations and Uncertainty: Firms' Perspectives on Inflation" with Xuguang Simon Sheng. European Economic Review (May 2025), 174, 104955.
"Tell Me Something I Don't Already Know: Learning in Low and High-Inflation Settings" with Michael Weber, Bernardo Candia, Tiziano Ropele, Rodrigo Lluberas, Serafin Frache, Saten Kumar, Yuriy Brent Hedlund Meyer Gorodnichenko, Dimitris Georgarakos, Olivier Coibion, Geoff Kenny, and Jorge Ponce. Econometrica, Vol. 93, No.1 (January 2025), 229–264.
2023
"The Impact of Supply Chain Disruptions on Business Expectations During the Pandemic" with Brian C. Prescott and Xuguang Simon Sheng. Energy Economics (October 2023), 126, 106951.
2022
"Surveying Business Uncertainty" (November 2022) with David Altig, Jose Barrero, Nick Bloom, Steve Davis, and Nick Parker, Journal of Econometrics, 231(1):281–303.
"The Impact of the COVID-19 Pandemic on Business Expectations" (with B. Prescott and X.S. Sheng). (2022). International Journal of Forecasting, 38(2):529–544.
"Pandemic-era Uncertainty" with Emil Mihaylov, Jose Maria Barrero, Steven J Davis, David Altig, and Nicholas Bloom. Journal of Risk and Financial Management (2022), 15(8), 338.
2021
"The impact of the COVID-19 pandemic on business expectations" (2021) with B. Prescott and X.S. Sheng, International Journal of Forecasting.
2020
"Economic Uncertainty Before and During the COVID-19 Pandemic" (August 2020), with David Altig, Scott Baker, Jose Barrero, Nick Bloom, Phil Bunn, Scarlet Chen, Steven J. Davis, Emil Mihaylov, Paul Mizen, Nick Parker, Thomas Renault, Pawel Smietanka, and Greg Thwaites, Journal of Public Economics, 191:104274.
2019
"The Usefulness of the Median CPI in BVARs used for Macroeconomic Forecasting and Policy" (2019) with Saeed Zaman, Empirical Economics, 57(2):603–630.