Abstract

LLADA, Martín. ESTUDIO DE OPINIONES SOBRE EL DESEMPEÑO ECONÓMICO: EVIDENCIA PARA LOS PAÍSES DE AMÉRICA LATINA Y EL CARIBE. Estud. econ. [online]. 2021, vol.38, n.76, pp.69-94. ISSN 2525-1295.

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 : opinions; expectations; sentiment; macroeconomic.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )