Consumer Expectations: Micro Foundations and Macro Impact - Couverture rigide

Curtin, Richard Thomas

Couverture rigide

ISBN 10 : 1107004691 ISBN 13 : 9781107004696

Editeur : Cambridge University Press, 2019

Synopsis

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.

A propos du livre

À propos de l'auteur

Richard Curtin is the Director of the Surveys of Consumers at the University of Michigan, Ann Arbor, where he has worked for over four decades. His analysis of recent trends in consumer expectations are issued twice monthly and are regularly covered in the worldwide press. Data from the surveys are included in the US Index of Leading Economic Indicators. During his career he has consulted with a number of countries, helping them to establish comparable consumer surveys, as well as a wide range of US and international businesses and financial institutions. He received his B.A. from Michigan State University and his Ph.D. in economics from the University of Michigan.

Détails de l'édition

• Éditeur: Cambridge University Press
• Date d'édition: 2019
• Langue: anglais
• ISBN 10: 1107004691
• ISBN 13: 9781107004696
• Reliure: Relié
• Numéro d'édition: 1
• Nombre de pages: 360
• Coordonnées du fabricant: non disponible
• Personne responsable: Avery; https://www.avery.fr/; ; chemin des peupliers 27; Dardilly; France