9780521181136-0521181135-Consumer Expectations: Micro Foundations and Macro Impact

Consumer Expectations: Micro Foundations and Macro Impact

ISBN-13: 9780521181136
ISBN-10: 0521181135
Author: Curtin, Richard Thomas
Publication date: 2019
Publisher: Cambridge University Press
Format: Paperback 360 pages
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Book details

ISBN-13: 9780521181136
ISBN-10: 0521181135
Author: Curtin, Richard Thomas
Publication date: 2019
Publisher: Cambridge University Press
Format: Paperback 360 pages

Summary

Acknowledged authors Curtin, Richard Thomas wrote Consumer Expectations: Micro Foundations and Macro Impact comprising 360 pages back in 2019. Textbook and eTextbook are published under ISBN 0521181135 and 9780521181136. Since then Consumer Expectations: Micro Foundations and Macro Impact textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

Richard Curtin has directed the University of Michigan's consumer sentiment surveys for more than four decades. His analyses of recent trends in consumer expectations are regularly covered in the worldwide press. In this book, Curtin presents a new theory of expectations. Whereas conventional theories presume that consumers play a passive role in the macro economy, simply reacting to current trends in incomes, prices, and interest rates, Curtin proposes a new empirically consistent theory. He argues that expectations are formed by an automatic process that utilizes conscious and nonconscious processes, passion and reason, information from public and private sources, and social networks. Consumers ultimately reach a decision that serves both the micro decision needs of individuals and reflects the common influence of the macro environment. Drawing on empirical observations, Curtin not only demonstrates the importance of consumer sentiment, but also how it can foreshadow the cyclical turning points in the economy.

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