The US Inflation Reduction Act (IRA) promotes renewable energy and contributes to climate protection, but also offers generous tax credits and subsidies to incentivize production in the United States. While the planned generosity of the program has sparked an intense debate about potential...

Volkswirt*innen an deutschen Universitäten erwarten vom neuen US-Präsidenten Joe Biden positive Wirkungen auf die Wirtschaft in Deutschland und der EU. Im aktuellen Ökonomenpanel gaben 71% der Teilnehmenden an, sie hielten Bidens Präsidentschaft für „eher positiv“, 5% sogar für „sehr...

Global betrachtet erfährt der IRA laut den befragten Expertinnen und Experten keine große Aufmerksamkeit. Nur in europäischen Ländern, insbesondere in Westeuropa, spielt das Thema eine wichtige Rolle. Dort ist auch die Sorge vor negativen Auswirkungen auf die heimische Wirtschaft infolge des...

Can one single political leader influence macroeconomic expectations on a global scale? We design a large-scale survey experiment among influential economic experts working in more than 100 countries and use the 2020 US presidential election as a quasi-natural experiment to identify the effect...

We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed's Survey of Consumer Expectations over the period June 2013 to June 2018. The results show that inflation expectations were 0.46 percentage points higher in Republican-dominated...

We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed's Survey of Consumer Expectations over the period June 2013 to June 2018. The results show that inflation expectations were 0.46 percentage points higher in Republican-dominated...

We use the US presidential election on 3 November 2020 to examine how the US president influences economic expectations of international experts. We design a large-scale RCT among 843 experts working in 107 countries, asking about their expectations regarding GDP growth, unemployment, inflation,...

We use the US presidential election on 3 November 2020 to examine how the US president influences economic expectations of international experts. We design a large-scale RCT among 843 experts working in 107 countries, asking about their expectations regarding GDP growth, unemployment, inflation,...

The US Inflation Reduction Act (IRA) promotes renewable energy and contributes to climate protection, but also offers generous tax credits and subsidies to incentivize production in the United States. While the planned generosity of the program has sparked an intense debate about potential...