Estudio de opiniones sobre el desempeño económico: evidencia para los países de América Latina y el Caribe

Study of individuals’ opinions about economic performance: Evidence from Latin American and Caribbean countries

Martín Llada ()

Estudios Economicos, 2021, vol. 038 (Nueva Serie), issue 76, 69-94

Abstract: This paper studies associations between the individuals’ opinions about economic performance and economic information flows. For 18 Latin American and Caribbean countries for the period 1995-2016, we find: 1) a positive association between an indicator of expectations and an indicator of expected economic evaluations, 2) even controlling for expectations reported in t, available information in t-1, feasible to be incorporated to form expectations, is able to explain the evolution of expected evaluations, 3) the evidence is consistent with instances of under and over-reaction of expectations and 4) heterogeneity is not evidenced in the individuals’ opinions who have different socio-demographic characteristics and political preferences. Results 1, 2 and 3 are inconsistent with the postulates of the FIRE (full-information rational expectations) models

Keywords: opiniones; expectativas; sentimiento; macroeconomía; opinions; expectations; sentiments; macroeconomics (search for similar items in EconPapers)
JEL-codes: E7 E71 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:uns:esteco:v:38:y:2021:i:76:p:69-94

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