How does the Covid-19 outbreak affect people’s expectation about the macroeconomy?
We conduct an incentivized online experiment to investigate the effect of Covid-19 on people’s expectation about the macroeconomy including economic growth rate, inflation rate, house price, and personal consumption, saving, and investment. We elicit subject’s risk attitudes, ambiguity attitudes, time preference, and investigate their correlations with expectations about the macroeconomy. We find that ambiguity averse … Continue reading How does the Covid-19 outbreak affect people’s expectation about the macroeconomy?
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