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082			_a658.8342 _bCUR
100			_aCurtin, Richard Thomas _96993
245			_aConsumer expectations: micro foundations and macro impact
260			_bCambridge University Press _aNew York _c2019
300			_axix, 343 p.
365			_aGBP _b36.99
504			_aTable of Contents 1. 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.
520			_aRichard 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. Proposes a new theory of consumer expectations based on empirical observations from the University of Michigan's consumer sentiments surveys Challenges rational and behavioural theories that presume consumers play a passive role in the macro economy Establishes a framework that can achieve consensus across disciplines including psychology, sociology, and political science
650			_aMarketing _9209
650			_aConsumer behavior _9368
942			_2ddc _cBK