INTEREST RATE PROMINENCE IN CONSUMER DECISION‐MAKING
利用密歇根消费者调查数据，研究利率在消费者支出决策、新闻回忆和财务状况中的显著性，发现其随收入、教育和房产所有权增加，并在大衰退期间下降，且与消费态度对货币政策的反应性相关。
Variations in consumers' responsiveness to interest rates across households and over time have important implications for monetary transmission. Responses from the Michigan Survey of Consumers provide an indication of the degree to which interest rates are a prominent consideration in spending decisions, news recollection, and financial situations. Prominence is strongest in housing attitudes, increases with income, education, and homeownership, and declined in the Great Recession. Rate prominence is associated with stronger responsiveness of consumption attitudes to monetary policy.