{"id":2866,"date":"2023-02-14T15:30:02","date_gmt":"2023-02-14T14:30:02","guid":{"rendered":"https:\/\/flex.uni-frankfurt.de\/?p=2866"},"modified":"2023-02-20T15:54:32","modified_gmt":"2023-02-20T14:54:32","slug":"risk-exposure-and-acquisition-of-macroeconomic-information","status":"publish","type":"post","link":"https:\/\/flex.uni-frankfurt.de\/index.php\/publications\/risk-exposure-and-acquisition-of-macroeconomic-information\/","title":{"rendered":"Risk Exposure and Acquisition of Macroeconomic Information"},"content":{"rendered":"<div class=\"custom-pagination-text-research-img\"><a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/aeri.20200662&amp;from=f\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2868 size-full\" src=\"https:\/\/flex.uni-frankfurt.de\/wp-content\/uploads\/2021\/06\/cover_american-economic-review-insights.jpg\" alt=\"\" width=\"193\" height=\"261\" \/><\/a><\/div>\n<div class=\"custom-pagination-text-research-content\">\n<p>Christopher Roth, Sonja Settele, Johannes Wohlfart, 2022<em>, American Economic Review: Insights<\/em>, 4 (1), 34-53<em><br \/>\n<\/em><\/p>\n<div><\/div>\n<div class=\"custom-pagination-text-research-content\">\n<p><!--more Continue reading--><\/p>\n<div class=\"custom-pagination-text-research-content\"><a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/aeri.20200662&amp;from=f\">link to publication<\/a><\/div>\n<div class=\"custom-pagination-text-research-abstract\">Abstract:<br \/>\nWe conduct an experiment with a representative sample from the US to study households\u2019 demand for macroeconomic information. Respondents who learn of a higher personal exposure to unemployment risk during recessions increase their demand for an expert forecast about the likelihood of a recession. This finding is consistent with macroeconomic models of endogenous information acquisition, according to which the demand for information depends on its expected benefits. Moreover, respondents\u2019 updating about their personal unemployment risk suggests that households are imperfectly informed about their exposure to aggregate fluctuations, which may distort their beliefs about the benefits of acquiring macroeconomic information.<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christopher Roth, Sonja Settele, Johannes Wohlfart, 2022, American Economic Review: Insights, 4 (1), 34-53<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-2866","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts\/2866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/comments?post=2866"}],"version-history":[{"count":7,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts\/2866\/revisions"}],"predecessor-version":[{"id":3071,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts\/2866\/revisions\/3071"}],"wp:attachment":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/media?parent=2866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/categories?post=2866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/tags?post=2866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}