The role of macroeconomic psychology Economic Psychology

Macroeconomic psychology deals with problems that relate to aggregates rather than to individuals. Economic psychology has contributed a few macropsychological concepts without equivalents at the individual, micro level, such as measures of consumer confidence, but it mostly works with individual ps...

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Bibliographic Details
Published inApplied psychology Vol. 48; no. 3; pp. 273 - 296
Main Author Warneryd, Karl-Erik
Format Journal Article
LanguageEnglish
Published Oxford Blackwell 01.07.1999
Lawrence Erlbaum Associates Ltd. for the International Association of Applied Psychology
Subjects
Advertising. Marketing. Consume behavior
Applied psychology
Behaviour
Biological and medical sciences
Fundamental and applied biological sciences. Psychology
Macroeonomic psychology
Psychology. Psychoanalysis. Psychiatry
Psychology. Psychophysiology
Savings
Taxation
Consumption
Human
Consumer behavior
Saving
Review
Macroeconomics
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Summary:Macroeconomic psychology deals with problems that relate to aggregates rather than to individuals. Economic psychology has contributed a few macropsychological concepts without equivalents at the individual, micro level, such as measures of consumer confidence, but it mostly works with individual psychological characteristics that can be used at both levels. Problems primarily comprise issues at the level of the national economy such as savings, taxes, unemployment, entrepreneurship, and innovation. Presents research on financial expectations, saving behaviour and taxation. Suggests that macroeconomic psychology offers approaches to a wide array of psychological problems that are important to national economies and could also stimulate basic psychological research. (Original abstract - amended)
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ISSN:0269-994X
1464-0597
DOI:10.1080/026999499377484