When Are Monetary Policy Preferences Egocentric? Evidence from American Surveys and an Experiment
| Autor: | David H. Bearce, Kim-Lee Tuxhorn |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Labour economics
Sociology and Political Science Public economics media_common.quotation_subject 05 social sciences Monetary policy Preference 0506 political science Power (social and political) Variation (linguistics) Vignette 0502 economics and business Political Science and International Relations 050602 political science & public administration Economics Contextual information 050207 economics Function (engineering) Autonomy media_common |
| Zdroj: | American Journal of Political Science. 61:178-193 |
| ISSN: | 0092-5853 |
| DOI: | 10.1111/ajps.12203 |
| Popis: | This article enters the international/comparative political economy debate about whether individual-level macroeconomic policy preferences are egocentric and, if so, on what basis (factors, sectors, or firms). It argues that contextual information may function as a precondition for the emergence of egocentric preferences. With a focus on the trade-off between using monetary policy for a domestic or an international goal, it presents evidence from three original American surveys using informative vignettes to show how monetary policy preferences exhibit firm-based egocentric variation: Individuals whose employer does most of its business in overseas markets have a lesser preference for domestic monetary autonomy. It also presents evidence from a survey experiment to show how the strength of this egocentric relationship depends on the informative power of the vignette: A more contextually informative vignette produces a stronger relationship between overseas business activity and a preference against domestic monetary autonomy. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Plný text