Optimism, Pessimism, and Short-Term Fluctuations

Optimism, Pessimism, and Short-Term Fluctuations
Economic theory offers several explanations as to why shifting expectations about future economic activity affect current demand. Abstracting from whether changes in expectations originate from swings in beliefs or fundamentals, we test empirically whether more optimistic or pessimistic potential output forecasts trigger short-term fluctuations... READ MORE...

Publication date: January 2018
ISBN 9781484336748
$18.00

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