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Estudio de opiniones sobre el desempeño económico: evidencia para los países de América Latina y el Caribe
[Study of individuals’ opinions about economic performance: Evidence from Latin American and Caribbean countries]

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  • Martín Llada

Abstract

This paper studies associations between the individuals’ opinions about economic performance and economic information flows. For 18 Latin American and Caribbean countries for the period 1995-2016, we find: 1) a positive association between an indicator of expectations and an indicator of expected economic evaluations, 2) even controlling for expectations reported in t, available information in t-1, feasible to be incorporated to form expectations, is able to explain the evolution of expected evaluations, 3) the evidence is consistent with instances of under and over-reaction of expectations and 4) heterogeneity is not evidenced in the individuals’ opinions who have different socio-demographic characteristics and political preferences. Results 1, 2 and 3 are inconsistent with the postulates of the FIRE (full-information rational expectations) models

Suggested Citation

  • Martín Llada, 2021. "Estudio de opiniones sobre el desempeño económico: evidencia para los países de América Latina y el Caribe [Study of individuals’ opinions about economic performance: Evidence from Latin American a," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 38(76), pages 69-94, january-j.
    • Handle: RePEc:uns:esteco:v:38:y:2021:i:76:p:69-94
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    File URL: https://revistas.uns.edu.ar/ee/article/view/2357/1247
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    More about this item

    Keywords

    opiniones; expectativas; sentimiento; macroeconomía;
    All these keywords.

    JEL classification:

    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics
    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy

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