How Economic Laypeople Perceive Economic Growth and Inflation:

ISBN-10: 3838100069
ISBN-13: 9783838100067
Edition: 2008
Author(s): Fabian Christandl
Description: The present dissertation focuses on two phenomena which play a central role in the implementation of economic and political reform measures, namely biases in the perception of the economy and the stability of peoples concepts on the economy. It is  More...
List price: $114.00
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List Price: $114.00
Copyright Year: 2008
Publisher: Vdm Verlag Dr Mueller E K
Binding: Paperback
Pages: 124
Language: English

The present dissertation focuses on two phenomena which play a central role in the implementation of economic and political reform measures, namely biases in the perception of the economy and the stability of peoples concepts on the economy. It is found that people tend to underestimate economic growth in the long run. On the other hand, they tend to overestimate inflation. Various theoretical and practical implications of these findings are discussed.

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