Alistair Macaulay

I am a macroeconomist at the University of Surrey. Before Surrey, I completed a PhD and post-doc in economics at the University of Oxford.

CV

Research Interests: macroeconomics, information economics, household heterogeneity.

Contact: a.macaulay@surrey.ac.uk

News: New version of "The Causal Effects of Heterogeneous Expectation Formation in General Equilibrium" [substantial revision and replacement of "Shock Transmission and the Sources of Heterogeneous Expectations"]

New paper "Identification via Heteroskedasticity when Attention is Endogenous"

New paper "Monetary Policy Narratives and the Transmission of Monetary Policy" (with Alexa Kaminski and Wenting Song)

"Ambiguity Aversion, Portfolio Choice, and Life Expectancy" (with Chenchuan Shi) has been published at IER.

"Cyclical Attention to Saving" has been published in the October 2025 issue of AEJ: Macroeconomics.

"The (Mis)Allocation of Corporate News" (with Xing Guo and Wenting Song) is Revise & Resubmit at ReStat.

"Heterogeneity in imperfect inflation expectations: theory and evidence from a novel survey" (with James Moberly) has been published at JMCB.