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dc.contributor.authorBachmann, Oliver-
dc.contributor.authorGründler, Klaus-
dc.contributor.authorPotrafke, Niklas-
dc.contributor.authorSeiberlich, Ruben-
dc.date.accessioned2019-10-31T14:57:23Z-
dc.date.available2019-10-31T14:57:23Z-
dc.date.issued2019-10-25-
dc.identifier.issn0048-5829de_CH
dc.identifier.issn1573-7101de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/18613-
dc.description.abstractWe examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed’s Survey of Consumer Expectations over the period June 2013 to June 2018. The results show that inflation expectations were 0.46% points higher in Republican-dominated than in Democratic-dominated US states when Barack Obama was US president. Compared to inflation expectations in Democratic-dominated states, inflation expectations in Republican-dominated states declined by 0.73% points when Donald Trump became president. We employ the Blinder–Oaxaca decomposition method to disentangle the extent to which political ideology and other individual characteristics predict inflation expectations: around 25% of the total difference between inflation expectations in Democratic-dominated versus Republican-dominated states is based on how partisans respond to changes in the White House’s occupant (partisan bias). The results also corroborate the belief that voters’ misperceptions of economic conditions decline when the president belongs to the party that voters support.de_CH
dc.language.isoende_CH
dc.publisherSpringerde_CH
dc.relation.ispartofPublic Choicede_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectInflation expectationde_CH
dc.subjectPartisan biasde_CH
dc.subjectPolitical ideologyde_CH
dc.subjectVoters’ perceptionde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titlePartisan bias in inflation expectationsde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
dc.identifier.doi10.1007/s11127-019-00741-0de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.webfeedW: Spitzenpublikationde_CH
zhaw.author.additionalNode_CH
Appears in collections:Publikationen School of Management and Law

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