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- Sydney C Ludvigson
- Assistant Professor of Economics, New York University, New York, New York, and Faculty Research Fellow, National Bureau of Economic Research, Cambridge, Massachusetts.
書誌事項
- 公開日
- 2004-05-01
- DOI
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- 10.1257/0895330041371222
- 公開者
- American Economic Association
この論文をさがす
説明
<jats:p> Despite the widespread attention given to surveys of consumer confidence, the mechanisms by which household attitudes influence the real economy are less well understood. This paper begins with an overview of how consumer confidence is measured and reported. It then evaluates the relationship between consumer attitudes and the real economy. The evidence suggests that popular survey measures contain some information about future aggregate consumer expenditure growth. However, much of that information is found in other economic and financial indicators, and the independent information provided by consumer confidence predicts a relatively modest amount of additional variation in future consumer spending. </jats:p>
収録刊行物
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- Journal of Economic Perspectives
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Journal of Economic Perspectives 18 (2), 29-50, 2004-05-01
American Economic Association