Description
Book SynopsisRichard 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, consistent with both micro data observations and macro environment.
Trade Review'There is no one on earth who knows more about consumer expectations and the macroeconomy than Richard Curtin. All the rest of us have much to learn from this impressive book.' Alan S. Binder, Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, Princeton University, New Jersey
'Richard Curtin has produced a tour de force about expectations and the macro economy, including the formation, construction, and measurement of expectations. Curtin was a colleague and friend of George Katona, and he learned very well at the Master's 'feet'.' Roger Frantz, San Diego State University
'Unravelling the complexities of consumers' expectations is a perennial challenge for economists. Richard Curtin's Consumer Expectations provides fresh perspectives solidly grounded on real evidence from Michigan's influential consumer sentiment surveys. It will be an invaluable guide for anyone interested in how uncertainty and complexity play out in modern macroeconomies.' Michelle Baddeley, Director and Research Professor, Institute for Choice, University of South Australia
Table of Contents1. Expectations and the macroeconomy; Part I. The Formation of Expectations: 2. Conventional theories of expectations; 3. Private and public sources of economic information; 4. Processing economic information; 5. Affective influences on expectations; 6. The construction of expectations; Part II. The Consumer and the Macroeconomy: 7. Expectations of macroeconomic cycles; 8. The measurement of expectations; 9. Tailored economic expectations; 10. Economic expectations: paradigms and theories.
