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This paper investigates the effects of political commentaries on policy rate decisions and policy expectations in the United States and the euro area. The results suggest that political commentaries do influence policy rate expectations in both regions, even after controlling for macroeconomic...
Persistent link: https://www.econbiz.de/10011578146
Persistent link: https://www.econbiz.de/10012135205
Traditional economic theory assumes rational individuals with stable preferences who, given an array of options and probabilities, maximize their expected utility. However, experimental research finds that individuals make systematic “mistakes” when attempting to maximize their expected...
Persistent link: https://www.econbiz.de/10005711533