Artikel
Economic news and household decisions
This paper is devoted to the role of information context in the dynamics of consumption/savings decisions. The deviations from the traditional model of rational expectations are investigated, and the hypotheses of the «rational inattention» are tested. The basis for the study was a selection of news from the major Russian TV channels for 2006-2016. This news available to ordinary households in Russia was analyzed. News was defined as negative or positive with special program tools of sentiment analysis. It was found that increased uncertainty (the spread of positive and negative news) leads to the choice of consumption to the detriment of savings, which then reduces the investment base of the economy. The authors analyze the connection of the tonality of news and its changes with the real business cycle. The authors found that the information cycle with some lag correlated with the cycle in consumption/savings decisions in the Russian Federation. The authors conclude that the concept of rational inattention is more acceptable for this case. Based on the study, recommendations are offered for adjusting public policy.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Contemporary Economics ; ISSN: 2300-8814 ; Volume: 12 ; Year: 2018 ; Issue: 1 ; Pages: 57-68 ; Warsaw: University of Finance and Management in Warsaw, Faculty of Management and Finance
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
cycles
information imperfectness
bounded rationality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Vinokurov, S. S.
Medved, A. A.
Mierin, L. A.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Finance and Management in Warsaw, Faculty of Management and Finance
- (wo)
-
Warsaw
- (wann)
-
2018
- DOI
-
doi:10.5709/ce.1897-9254.263
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Vinokurov, S. S.
- Medved, A. A.
- Mierin, L. A.
- University of Finance and Management in Warsaw, Faculty of Management and Finance
Entstanden
- 2018
Ähnliche Objekte (12)
The impact of fiscal policies on agricultural household decisions
Household Indebtedness and Economic Growth (Empirical Analysis)
Health shocks and child time allocation decisions by households: Evidence from Ethiopia
Environmental protection and economic policy decisions in developing countries
Economic news releases and financial markets in South Africa
Managers' investment decisions: Incentives and economic consequences arising from leases
Economic education and household financial outcomes during the financial crisis
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
The case of Deutsche Telekom: How stock market crashes can persistantly affect household investment decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Household economic decisions under the shadow of terrorism
Household economic decisions under the shadow of terrorism
The impact of fiscal policies on agricultural household decisions
Household Indebtedness and Economic Growth (Empirical Analysis)
Health shocks and child time allocation decisions by households: Evidence from Ethiopia
Environmental protection and economic policy decisions in developing countries
Economic news releases and financial markets in South Africa
Managers' investment decisions: Incentives and economic consequences arising from leases
Economic education and household financial outcomes during the financial crisis
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
The case of Deutsche Telekom: How stock market crashes can persistantly affect household investment decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Household economic decisions under the shadow of terrorism
Household economic decisions under the shadow of terrorism
The impact of fiscal policies on agricultural household decisions
Household Indebtedness and Economic Growth (Empirical Analysis)
Health shocks and child time allocation decisions by households: Evidence from Ethiopia
Environmental protection and economic policy decisions in developing countries
Economic news releases and financial markets in South Africa
Managers' investment decisions: Incentives and economic consequences arising from leases
Economic education and household financial outcomes during the financial crisis
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
The case of Deutsche Telekom: How stock market crashes can persistantly affect household investment decisions
Agricultural households in times of crisis. The COVID-19 pandemic, livelihoods and land-use decisions
Household economic decisions under the shadow of terrorism