Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212224 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 21/2012
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
A unique Finnish household-level data from 1994 to 2009 allow us to measure how households financial expectations are related to the sub- sequent outcomes. We use the difference between the two to measure forecast errors and household optimism and link the errors to households´ borrowing behaviour. We find that households making greatest optimistic forecast errors carry greater levels of debt and are most likely to suffer from excessive debt loads (overindebtedness). They also are less attentive to forecast errors than their pessimistic counterparts when forming their expectations for a subsequent period
Schlagwörter: 
forecast errors
ex ante optimism
borrowing
JEL: 
D21
L20
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-462-808-2
Dokumentart: 
Working Paper

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