Showing 1 - 9 of 9
This paper estimates the elasticity of intertemporal substitution for the euro area. It leverages the unique design of the Consumer Expectations Survey in Europe to directly infer it from the Euler equation. Our final estimates range between 0.7 and 0.8 for the euro area as a whole, which are...
Persistent link: https://www.econbiz.de/10015152737
This paper investigates the direct and indirect effects of others' beliefs on respondents' own beliefs and consumer sentiment. Conducting consumer surveys with randomized control trials (RCTs) in Thailand and Vietnam during the COVID-19 pandemic, we implement two information treatments. Both...
Persistent link: https://www.econbiz.de/10012543061
This paper investigates the direct and indirect effects of others' beliefs on respondents' own beliefs and consumer sentiment. Conducting consumer surveys with randomized control trials (RCTs) in Thailand and Vietnam during the COVID-19 pandemic, we implement two information treatments. Both...
Persistent link: https://www.econbiz.de/10012500548
Persistent link: https://www.econbiz.de/10012814310
Persistent link: https://www.econbiz.de/10015397683
This paper uses the COVID-19 pandemic as a case study to investigate the direct and indirect effect of beliefs of others on respondent's own beliefs and on their individual consumer sentiment. In a new online consumer survey with randomized control trials (RCTs) in Thailand and Vietnam, we...
Persistent link: https://www.econbiz.de/10013338074
Persistent link: https://www.econbiz.de/10014266718
This paper presents new evidence on the expectation formation process of firms from a survey of the German manufacturing sector. It focuses on the expectation about their future business conditions, which enters the widely followed economic sentiment index and which is an important determinant...
Persistent link: https://www.econbiz.de/10011750543
Persistent link: https://www.econbiz.de/10011941673