{"id":43961,"date":"2026-07-29T12:31:45","date_gmt":"2026-07-29T12:31:45","guid":{"rendered":"https:\/\/eces.org.eg\/?p=43961"},"modified":"2026-07-29T12:57:52","modified_gmt":"2026-07-29T12:57:52","slug":"expectations-matter","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/expectations-matter\/","title":{"rendered":"Expectations Matter"},"content":{"rendered":"\n<p><strong>Overview<\/strong>:<\/p>\n\n\n\n<p><strong>What people believe about the economy\u2014and why it matters<\/strong><\/p>\n\n\n\n<p>How do expectations about the future influence economic behavior? For decades, economists have known that beliefs play a central role\u2014from how much households spend, to how firms set prices, to how central banks design policy. But figuring out exactly how expectations affect decisions has been one of the field\u2019s most persistent empirical challenges.<\/p>\n\n\n\n<p>In this book, Olivier Coibion and Yuriy Gorodnichenko present a fresh empirical approach: using randomized controlled trials (RCTs) to study the causal impact of expectations. Drawing on more than a decade of their research, they show how targeted information treatments can generate experimental variation in beliefs\u2014making it possible to measure how those beliefs influence real-world decisions. Along the way, they reassess the limits of the traditional rational expectations framework and offer a richer, evidence-based picture of how people form and act on their views about the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview: What people believe about the economy\u2014and why it matters How do expectations about the future influence economic behavior? For decades, economists have known that beliefs play a central role\u2014from how much households spend, to how firms set prices, to how central banks design policy. But figuring out exactly how expectations affect decisions has been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-43961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selected-books"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Expectations Matter - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/expectations-matter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expectations Matter - ECES\" \/>\n<meta property=\"og:description\" content=\"Overview: What people believe about the economy\u2014and why it matters How do expectations about the future influence economic behavior? 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