More than just news: C&RL News at 30

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Households‟ Forming Subjective Expectations Using Perceived News: Do Shocks to „Good‟ News Matter More than „Bad‟ News?

The present paper examines the microfoundations of how households form subjective expectations about the macroeconomy. In particular, we are interested in the role of perceived news. The paper outlines a theoretical model where households may give unequal importance (or weights) to „good‟ and „bad‟ news. We also consider whether the relationship is state-varying and has any structural changes. ...

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ژورنال

عنوان ژورنال: College & Research Libraries News

سال: 1996

ISSN: 2150-6698,0099-0086

DOI: 10.5860/crln.57.11.730