Access the full text.
Sign up today, get DeepDyve free for 14 days.
C. Garner (2002)
Consumer Confidence after September 11Econometric Reviews, 87
S. Hymans (1970)
Consumer Durable Spending: Explanation and Prediction, 1
William Sackley (2003)
What Recession? What Recovery? The Arrival of the 21st Century ConsumerCfa Digest, 33
C. Carroll, Jeffrey Fuhrer, David Wilcox (1991)
Does consumer sentiment affect household spending? If so why?Social Science Research Network
Frederic Mishkin, R. Hall, J. Shoven, Thomas Juster, M. Lovell (1978)
Consumer Sentiment and Spending on Durable Goods, 1978
(2002)
Surveys of Consumers : Theory , Methods , and Interpretation
G. Katona (1972)
Inflation and the Consumer, 3
E. Howrey (2001)
The Predictive Power of the Index of Consumer SentimentBrookings Papers on Economic Activity, 2001
(1990)
The Plunge in Confidence Will Hit Spending
F. Juster, P. Wachtel (1974)
Anticipatory and Objective Models of Durable Goods DemandThe American Economic Review, 62
J. Wilcox (1989)
Liquidity constraints on consumption: the real effects of "real" lending policiesEconometric Reviews
J. Bram, Sydney Ludvigson (1998)
Does Consumer Confidence Forecast Household Expenditure? A Sentiment Index Horse RaceERN: Survey Methods (Topic)
J. Wilcox (2008)
Consumer sentiment and consumer spendingFRBSF Economic Letter
(2001)
Comment on Howrey,
Jonathan McCarthy, C. Steindel (2007)
Housing Activity and Consumer SpendingBusiness Economics, 42
Sydney Ludvigson (2004)
Consumer Confidence and Consumer SpendingJournal of Economic Perspectives, 18
Abstract We present new evidence that existing, but long-ignored, measures of consumer sentiment can reduce errors in forecasting total consumption expenditures and its components. The component questions of the aggregate Index of Consumer sentiment improve forecasts, not only of consumer expenditures on durables but also on non-durables and services. Empirical studies have historically focused on whether consumer sentiment improves one-quarterahead forecasts of consumer expenditures. In fact, we document that measures of consumer sentiment are especially predictive at the longer, four-quarter-ahead horizon. In addition, they typically contribute at least as much to one-quarter-ahead and four-quarter-ahead forecasts of consumption as do income and wealth variables. Out-ofsample forecasts for the 2000-2005 period further substantiate that measures of consumer sentiment can reduce consumption forecasting errors appreciably.
Business Economics – Springer Journals
Published: Oct 1, 2007
Keywords: economics, general; political economy/economic systems; business and management, general
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.