Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266257 
Year of Publication: 
2022
Series/Report no.: 
ifo Working Paper No. 380
Publisher: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Abstract: 
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.
Subjects: 
Economic expectations
media
expert survey
third-person effect
JEL: 
A12
C80
D84
L82
P50
Document Type: 
Working Paper

Files in This Item:
File
Size
259.76 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.