Financial expectations and household consumption: does middle-inflation matter?

We explore the finding that households often expect their financial position to remain unchanged compared to other alternatives. A generalized middle inflated ordered probit (GMIOP) model is used to account for the tendency of individuals to choose “neutral” responses when faced with opinion-based q...

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Bibliographic Details
Main Authors: Sarah Brown, Mark Harris, Christopher Spencer, Karl Taylor
Format: Default Article
Published: 2023
Subjects:
Banking, finance and investment
Applied economics
Economic theory
Financial expectations
Generalised middle-inflated ordered probit model
Household consumption
Survey data
Online Access:https://hdl.handle.net/2134/22700284.v1
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