Consumer Expectations: Micro Foundations and Macro Impact

ISBN-13: 9781107004696 / Angielski / Twarda / 2019 / 360 str.

Richard Thomas Curtin

Opis

Proposes a new comprehensive theory about how expectations are formed and how they shape the macro economy.

Recenzje

'Unravelling the complexities of consumers' expectations is a perennial challenge for economists. Richard Curtin's Consumer Expectations provides fresh perspectives solidly grounded on real evidence from Michigan's influential consumer sentiment surveys. It will be an invaluable guide for anyone interested in how uncertainty and complexity play out in modern macroeconomies.' Michelle Baddeley, Director and Research Professor, Institute for Choice, University of South Australia

Spis treści

1. Expectations and the macroeconomy; Part I. The Formation of Expectations: 2. Conventional theories of expectations; 3. Private and public sources of economic information; 4. Processing economic information; 5. Affective influences on expectations; 6. The construction of expectations; Part II. The Consumer and the Macroeconomy: 7. Expectations of macroeconomic cycles; 8. The measurement of expectations; 9. Tailored economic expectations; 10. Economic expectations: paradigms and theories.