Cardiff University | Prifysgol Caerdydd ORCA
Online Research @ Cardiff 
WelshClear Cookie - decide language by browser settings

News and households' subjective macroeconomic expectations

Easaw, Joshy and Ghoshray, Atanu 2010. News and households' subjective macroeconomic expectations. Journal of Macroeconomics 32 (1) , pp. 469-475. 10.1016/j.jmacro.2009.12.002

Full text not available from this repository.

Abstract

The purpose of the present paper is to provide microfoundations of how households form subjective expectations of the macroeconomy. We focus on the role of perceived news; distinguishing between good and bad news. The paper introduces a testable model where households give unequal importance (or weights) to ‘good’ and ‘bad’ news. The model is empirically verified using household survey data compiled for the US. The results indicate clearly that households give no weight to bad news in the long-run.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Elsevier
Last Modified: 20 Dec 2019 11:57
URI: http://orca-mwe.cf.ac.uk/id/eprint/127070

Citation Data

Cited 2 times in Scopus. View in Scopus. Powered By Scopus® Data

Actions (repository staff only)

Edit Item Edit Item