Leonardo Badea¸ Prim-viceguvernator BNR: Sentimentul economic, între cauză și semnal

The article discusses the importance of perceptions and expectations in economic behavior, emphasizing that economic decisions are influenced by trust and narratives rather than just statistical data. Historical figures like Adam Smith and John Maynard Keynes highlighted the role of sentiment in economics. Modern behavioral economics, led by thinkers like Kahneman and Thaler, shows that decision-making is affected by various psychological factors. Economic sentiment indicators, while volatile, provide insights into consumer confidence and can predict economic trends. The article stresses the need for a comprehensive approach to measuring both tangible economic factors and the intangible aspects of trust and expectations, particularly in the context of Romania's economic future.