Wisconsin Macro Circumstances and Financial Sentiment

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Joe Schulz of WPR: “The economy is the top issue for Wisconsin voters, but most have a negative view”:

Stephen Brown, who’s shifting to Oshkosh from Rockford, Illinois, stated he doesn’t suppose the financial system is as unhealthy as Republicans say, however it’s not fairly pretty much as good as Democrats say both.

Whereas the Wisconsin financial system is, by most typical macro indicators, doing properly, it’s true there’s a partisan divide when it comes to perceptions of how properly the Wisconsin financial system is doing.

Supply: Marquette Legislation Faculty ballot, April 2024.

Apparently, the WisconSays/LaFollette ballot (Summer time-Fall 2023) signifies that there isn’t a partisan divide insofar because the financial system is an issue.

WisconSays ProblemEconomy

Supply: WisconSays/La Follette.

The distinction in indications may come up due to timing, or due to wording (or each). My view is that the latter is extra probably the supply of the distinction. The Marquette ballot query is probably going eliciting perceptions relating to the course of the financial system. The WisconSays ballot query, in distinction, is probably going capturing perceptions of the monetary conditions dealing with particular person respondents.

The same distinction happens in nationwide polls, as famous by Krugman. Because the perceived state of the financial system differs from the situations dealing with a person survey respondent, the previous will be closely influenced information protection (see Harris and Sojourner, 2024).

 

 

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