Consumer confidence and economic fluctuations.

A study was conducted to examine the link between consumer confidence and economic fluctuations using a series of vector autoregressions that included GNP, consumer sentiment, and various other series that capture fundamentals or are good predictors of GNP. Results indicate that, even after control...

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Publicado en:Economic Inquiry Vol. 33; pp. 296 - 319
Autores principales: Matsusaka, John G., Sbordone, Argia M.
Formato: Artículo
Publicado: Wiley-Blackwell April 1995
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Matsusaka, John G.
          Sbordone, Argia M.
      su:
        Consumer attitudes
        Consumer confidence
        Mathematical models of business cycles
        Causal models
        Gross national product
        History
        United States
      sug:
        subj:
          United States
          Consumer attitudes
          Consumer confidence
          Mathematical models of business cycles
          Causal models
          Gross national product
          History
      ab: A study was conducted to examine the link between consumer confidence and economic fluctuations using a series of vector autoregressions that included GNP, consumer sentiment, and various other series that capture fundamentals or are good predictors of GNP. Results indicate that, even after controlling for economic fundamentals, the hypothesis that consumer confidence does not cause GNP (in the Granger sense) can be rejected. Although sentiment is not the most important factor in GNP fluctuations, it accounts for between 13 percent and 26 percent of GNP innovation variance.
      pubtype: Academic Journal
      doctype: Article
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    language: English
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