Expectations Matter

Name: Expectations Matter
Price: 69.99 AUD
Availability: OutOfStock
ISBN: 9780691267364

The New Causal Macroeconomics of Surveys and Experiments

Olivier Coibion, Yuriy Gorodnichenko

$69.99

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We will update you on expected arrival time to us. If this delay is too long, please let us know within 2 business days and we can give you options regarding cancelling or adjusting your order. More details on cancelling your order can be found in our Terms of Trade.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Princeton University Press
24 March 2026

Research methods: general; Macroeconomics; Behavioural economics

What people believe about the economy-and why it matters

How do expectations about the future influence economic behavior? For decades, economists have known that beliefs play a central role-from how much households spend, to how firms set prices, to how central banks design policy. But figuring out exactly how expectations affect decisions has been one of the field's most persistent empirical challenges.

In this book, Olivier Coibion and Yuriy Gorodnichenko present a fresh empirical approach: using randomized controlled trials (RCTs) to study the causal impact of expectations. Drawing on more than a decade of their research, they show how targeted information treatments can generate experimental variation in beliefs-making it possible to measure how those beliefs influence real-world decisions. Along the way, they reassess the limits of the traditional rational expectations framework and offer a richer, evidence-based picture of how people form and act on their views about the economy.

Blending the credibility of field experiments with the big-picture questions of macroeconomics, the authors provide a clear, practical guide to this new methodology-from survey design to implementation to measuring how beliefs pass through into behavior. While much of the book focuses on inflation expectations, later chapters explore how this approach sheds light on the role of uncertainty in firm and household decision making, the influence of expectations on financial behavior, and how peer effects shape household spending. For economists and social scientists alike, this book offers a new lens on how beliefs work-and why they matter.

By: Olivier Coibion, Yuriy Gorodnichenko
Imprint: Princeton University Press
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm,
ISBN: 9780691267364
ISBN 10: 0691267367
Pages: 336
Publication Date: 24 March 2026
Audience: College/higher education , Professional and scholarly , General/trade , Further / Higher Education , Undergraduate
Format: Hardback
Publisher's Status: Active

Olivier Coibion is the Malcolm Forsman Centennial Professor in the Department of Economics at the University of Texas at Austin. Yuriy Gorodnichenko is the Quantedge Presidential Professor in the Department of Economics at the University of California, Berkeley.