Arbeitspapier

How media content influences economic expectations: Evidence from a global expert survey

This article sheds light on the impact of the media on economists' expectations for future economic developments. We conducted a worldwide economic expert survey and find that the media provides most economists with valuable information that influences their expectations. This applies significantly more for economists in countries with long standing democratic systems and developing countries with somewhat flawed democratic institutions than for economists in newer democracies and countries with authoritarian regimes. Moreover, the experts estimate the influence of the media remarkably higher on others than on themselves. This is consistent with the theory of the third-person effect that says that an individual's behavior is influenced due to the belief that other people find certain issues important and act accordingly.

Sprache
Englisch

Erschienen in
Series: ifo Working Paper ; No. 380

Klassifikation
Wirtschaft
Relation of Economics to Other Disciplines
Data Collection and Data Estimation Methodology; Computer Programs: General
Expectations; Speculations
Entertainment; Media
Comparative Economic Systems: General
Thema
Economic expectations
media
expert survey
third-person effect

Ereignis
Geistige Schöpfung
(wer)
Boumans, Dorine
Müller, Henrik
Sauer, Stefan
Ereignis
Veröffentlichung
(wer)
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
(wo)
Munich
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Boumans, Dorine
  • Müller, Henrik
  • Sauer, Stefan
  • ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Entstanden

  • 2022

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