Partisan Economic Perception

Extracted Attributes

• Definition

  Deep public division in understanding the health of the economy, where individuals hold vastly different views on economic indicators despite similar data.

• Impact on Policy

  Can lead to high policy uncertainty, potentially delaying consumer spending, business hiring and investment, and hindering employment and economic growth.

• Measurement Approach

  Can be indicated by computing the frequency of newspaper coverage of articles reporting political disagreement, normalized by the total number of news articles within a given period.

• Associated Phenomenon

  A manifestation of political polarization, including extreme differences in views, negative feelings towards members of other parties (affective polarization), and cognitive biases like in-group bias.

• Influence on Behavior

  Conflicting evidence on whether partisan economic perceptions influence household spending; unambiguous conclusion that polarization exerts a negative impact on company investments.

Timeline

• The concept of Partisan Economic Perception was used by the hosts of The All-In Podcast (episode 186) to explain the deep public division on the economy's health, contrasting views on a potential 'soft landing' versus 'recession'. (Source: Document 959aa5af-793e-4ed6-8fcf-daf30b27fb0f)

  2024

Partisan film

Partisan film (Serbo-Croatian: partizanski film / партизански филм) is the name for a subgenre of war films made in Yugoslavia during the 1960s, 1970s and 1980s. In the broadest sense, main characteristics of Partisan films are that they are set in Yugoslavia during World War II and have Yugoslav Partisans as protagonists, while the antagonists are Axis forces and their collaborators. According to Croatian film historian Ivo Škrabalo, Partisan film is "one of the most authentic genres that emerged from the Yugoslav cinema".

Web Search Results

• [PDF] Partisan Perceptions and Sentiment Measurement April 11, 2025

  changes over time as well. Thus, we should not expect “true” political shares in the underlying population to be fixed over time. Overall partisan differences in economic perceptions and expectations may be large, but monthly trends in sentiment across time are unlikely to be distorted by differential survey completion by political affiliation, or to be merely an artifact of partisan differences in views. Instead, national trends capture meaningful changes in overall consumer views of the [...] changing their self-reported political affiliation between interviews, consistent with findings from other major national surveys. Political affiliation is not elicited until the very end of the interview, so respondents are not primed to think specifically about politics or partisanship prior to questions about economic sentiment or expectations. Rather, responses to political identification questions may reflect a sense of alignment with a party’s approach to economic issues, which itself [...] in views and attitudes, the three groups share similarities in their interpretation of economic developments. Furthermore, inflection points in the data for each political group tend to occur together. For example, all three political groups reached a trough in sentiment in June 2022, surged then ebbed somewhat in early to mid-2024, and lifted leading into the 2024 general election. As 2024 progressed, independents leaned closer to the party not in the White House and continued to do so after

• United States: The economic consequences of political polarization

  The empirical research can be summarized as follows. Firstly, certain authors find that households’ economic perceptions are not significantly influenced by partisan affiliation, whereas others report that voters who affiliate with the party that controls the White House are more optimistic about the future. Secondly, there is conflicting evidence whether this upbeat feeling influences spending. Thirdly, with respect to company investments, the conclusion is unambiguous: polarization exerts a [...] ( Source: Carola Binder, Political party affiliation and inflation expectations, Brookings, 9 January 2023. ( Source: Atif Mian, Amir Sufi, and Nasim Khoshkhou, Partisan bias, economic expectations, and household spending, The Review of Economics and Statistics, May 2023. ( Source: Alan S. Gerber, Gregory A. Huber, Partisanship and Economic Behavior: Do partisan differences in economic forecasts predict real economic behavior, working paper, 2009. [...] People feeling different about the economy based on party affiliation is a manifestation of political polarization. Other examples are extreme differences in views, along partisan lines, amongst politicians as well as their voters on a broad range of topics, people having negative feelings or even disliking members of the other party, the so-called affective polarization( etc. Based on the media coverage of political disagreement about government policy, polarization has seen a significant

• Study finds political bias skews perceptions of verifiable fact

  Politics has seeped into every corner of our lives. Even announcements once thought above rank partisanship, such as states letting voters mail their ballots this fall and the death toll from the COVID-19 pandemic, now ignite accusations of political bias. Research by Harvard economists finds that politics don’t just influence people’s attitudes about economic issues and policies, it shapes their perceptions of verifiable reality. [...] No surprise, Republicans and Democrats had different views about many things, such as how hard it is to achieve the “American dream,” whether the country should adopt a different tax system to give more people a larger share of the national income, and how much the government is to blame for rising inequality. [...] Complicating matters is the fact that simply presenting accurate data to the misinformed doesn’t always work. On matters like social mobility opinions can be moved with statistics, but on especially partisan issues like immigration, facts appear to do little to change viewpoints, the researchers found.

• Partisan Conflict in the U.S. and Potential Impacts on the Economy

  ## Partisan Conflict and the Economy As noted at the outset, political polarization is of relevance to economists because it may well matter for policies that have tangible effects on the economy. Increased partisanship can lead to high policy uncertainty, which in turn can delay consumer spending, business hiring and investment and hinder employment and economic growth. On a more positive note, a low level of the PCI indicates the availability of political compromise at any given time. [...] The indicator is constructed by computing the frequency of newspaper coverage of articles reporting political disagreement, normalized by the total number of news articles within a given period. The search is performed on major U.S. newspapers, including The Washington Post, The New York Times, Los Angeles Times, Chicago Tribune, The Wall Street Journal and Newsday. [...] The indicator is constructed by computing the frequency of newspaper coverage of articles reporting political disagreement, normalized by the total number of news articles within a given period. The search is performed on major U.S. newspapers, including The Washington Post, The New York Times, Los Angeles Times, Chicago Tribune, The Wall Street Journal and Newsday.

• Political Polarization in the United States | Facing History & Ourselves

  Credit: Pew Research Center Americans also tend to have greater feelings of dislike toward members of the other political party than they have had in previous years. 1: 405–31.") This is referred to as affective polarization or emotional polarization.2 Increasing numbers of people now describe those in another political party as close-minded, dishonest, unintelligent, and even immoral.3 [...] 2. In-group bias: Psychological factors also play a vital role in reinforcing partisanship. While we may like to think that people form their political opinions based on a rational evaluation of different policies, research shows that cognitive biases, such as in-group bias, drive people to change their political opinions to match those of their group. [...] So the growing social and economic differences in our country further fuel divisions. The public is also deeply divided about how far the US has progressed in addressing racial inequality and what needs to be done to improve racial equality. There are gaps in how white people and people of color view progress toward racial equality, but the partisan differences are even larger. Seventy-one percent of Republicans say the nation has made a lot of progress toward racial equality over the past