--- title: "Meaning & Key Takeaway of: Recent research suggests that New Deal…" description: "\"Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectat..." image: "https://sms4smile.com/quotes/i/a77/christina-romer-16059_business_recent-research-suggests-that-new-deal-p_2361318.jpg" --- # Recent research suggests that New Deal programs may… ![“Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.” quote by Christina Romer](https://sms4smile.com/quotes/i/a77/christina-romer-16059_business_recent-research-suggests-that-new-deal-p_2361318.jpg) [Download](https://sms4smile.com/quotes/i/a77/christina-romer-16059_business_recent-research-suggests-that-new-deal-p_2361318.jpg) [Open image](https://sms4smile.com/quotes/i/a77/christina-romer-16059_business_recent-research-suggests-that-new-deal-p_2361318.jpg) > “Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.” [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The New Deal’s main effect was shaping expectations about growth and inflation, which in turn drove economic behavior. **In simple terms:** Expectations mattered more than direct spending. Key Takeaway Consider how policy shapes future expectations. Themes economics policy expectations history Mood analytical reflective Type historical economic policy When to use this quote - business planning - investment decisions - government spending - inflation forecasting Key Concepts Macroeconomic theory psychology of expectations Questions to Reflect On - How do expectations translate into real economic outcomes? - What evidence shows expectations changed after the New Deal? A Different Perspective Expectations can be hard to measure and may be influenced by many other factors. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Business Expectations](https://sms4smile.com/quotes/about/business-expectations-5782007/) [Consumers](https://sms4smile.com/quotes/about/consumers/) [Deals](https://sms4smile.com/quotes/about/deals/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Economy Influencing](https://sms4smile.com/quotes/about/economy-influencing-5782006/) [Expectations](https://sms4smile.com/quotes/about/expectations/) [Future](https://sms4smile.com/quotes/about/future/) [Future growth](https://sms4smile.com/quotes/about/future-growth/) [Growth](https://sms4smile.com/quotes/about/growth/) [Growth Inflation](https://sms4smile.com/quotes/about/growth-inflation-1352804/) [Impact](https://sms4smile.com/quotes/about/impact/) [Impact Economy](https://sms4smile.com/quotes/about/impact-economy-434461/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Influence](https://sms4smile.com/quotes/about/influence/) [May](https://sms4smile.com/quotes/about/may/) [New deal](https://sms4smile.com/quotes/about/new-deal/) [Program](https://sms4smile.com/quotes/about/program/) [Research](https://sms4smile.com/quotes/about/research/) ## Related quotes > [“The Internet’s impact on the economy has been no greater than the fax machine’s….ten years from now, the phrase “information economy” will sound silly.…](https://sms4smile.com/quotes/paul-krugman/the-internet-s-impact-on-the-economy-has-been-no-greater-than-the-fax/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“There were only two big forces to worry about: growth and inflation.”](https://sms4smile.com/quotes/ray-dalio/there-were-only-two-big-forces-to-worry-about-growth-and-inflation/) [Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/) > [Well, I think the global economy is in the position for continuing good growth with inflation well in check.](https://sms4smile.com/quotes/john-w-snow/well-i-think-the-global-economy-is-in-the-position-for-continuing/) [John W. 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