---
title: Subjective Models of the Macroeconomy and the Transmission of Monetary Policy
url: https://www.ml-quant.com/papers/repec/nbr-nberwo-35831/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-23
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:nbr:nberwo:35831
source_url: https://econpapers.repec.org/RePEc:nbr:nberwo:35831
featured: 2026-10-23
citations: unknown
topic: Econometrics & Forecasting
---


# Subjective Models of the Macroeconomy and the Transmission of Monetary Policy

Evidence from a multi-country survey shows that heterogeneous beliefs about how monetary policy works significantly alter households' consumption responses to rate changes.

- Source: https://econpapers.repec.org/RePEc:nbr:nberwo:35831
- Identifier: RePEc:nbr:nberwo:35831
- Released: 2026-10-12
- First featured: Quant Letter No. 136 (2026-10-23): https://www.ml-quant.com/issues/2026-10-23/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Econometrics & Forecasting
- Authors: Francesco D’Acunto, Dimitris Georgarakos, Geoff Kenny, Michael Weber

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