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
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Englisch
- Erschienen in
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Series: ifo Working Paper ; No. 380
- Klassifikation
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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
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Geistige Schöpfung
- (wer)
-
Boumans, Dorine
Müller, Henrik
Sauer, Stefan
- Ereignis
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Veröffentlichung
- (wer)
-
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (wo)
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Munich
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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