Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/234591 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
Working Paper Series in Economics No. 402
Verlag: 
Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre, Lüneburg
Zusammenfassung: 
Using a new consumer survey dataset, we study the role of macroeconomic preferences for expectations and economic decisions. While household expectations are inversely related to preferences, households with the same in ation expectations can differently assess whether the level of expected in ation and of nominal interest rates is appropriate or too high/too low. This 'hidden heterogeneity' in expectations is correlated with sociodemographic characteristics and affects current and planned spending via the intertemporal elasticity of substitution. We also show that the variation in preferences can be explained with risk preferences. Overall, this adds a new dimension to the definition of anchored expectations.
Schlagwörter: 
macroeconomic expectations
monetary policy perceptions
ination and interest rate preferences
risk preferences
survey microdata
JEL: 
E31
E52
E58
D84
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
829.54 kB





Publikationen in EconStor sind urheberrechtlich geschützt.