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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.