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Macroeconomic expectations: Formation, measurement, and consequences

Author

Listed:
  • Enders, Zeno
  • Trautmann, Stefan T.
  • Vinogradov, Dmitri V.

Abstract

Subjective expectations about future macroeconomic developments are a core input to people’s consumption and investment decisions. No commonly accepted model of the expectation-formation mechanism for macroeconomic variables has yet emerged. This special issue collects research that advances our understanding of how macroeconomic expectations are formed, how they can be measured, and how they shape economic behavior.

Suggested Citation

  • Enders, Zeno & Trautmann, Stefan T. & Vinogradov, Dmitri V., 2026. "Macroeconomic expectations: Formation, measurement, and consequences," Journal of Economic Behavior & Organization, Elsevier, vol. 247(C).
    • Handle: RePEc:eee:jeborg:v:247:y:2026:i:c:s0167268126002064
    DOI: 10.1016/j.jebo.2026.107620
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    Keywords

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    JEL classification:

    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • 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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