E7 - Macro-Based Behavioral Economics

• Seeing the Economy through Colored Glasses: Partisanship in Macro and (not in) Micro Expectations

  Staff working paper 2026-24 Adrian Monninger, Kyung Woong Koh, Tao Wang

  Households report distinctive views of the macroeconomy along partisan lines, while their expectations about personal finances do not follow the same pattern. Economic inequality remains the major contributor to polarized views of the macroeconomy. Partisan politics are simply a magnifier.

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E21, E3, E30, E7, E71 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting