Consumer Sentiment and Economic Activity: A Cross Country Comparison
The objective of this article is to reassess the validity of the consumer confidence (or sentiment) indices in anticipating the evolution of economic activity by considering a fairly high number of countries across the world (i.e. France, Germany, Italy, UK, USA, Japan, Canada and Australia) over a...
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| Format: | Elektronisch Artikel |
| Sprache: | English |
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Paris
OECD Publishing
2004
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| Zusammenfassung: | The objective of this article is to reassess the validity of the consumer confidence (or sentiment) indices in anticipating the evolution of economic activity by considering a fairly high number of countries across the world (i.e. France, Germany, Italy, UK, USA, Japan, Canada and Australia) over a period of about thirty years, from the beginning of the seventies till the end of 2002 (quarterly data). To our knowledge this is the first attempt to analyse the consumer confidence index for several countries over such a long period of time. We model the CSIoutput relationship in a cointegrated vector autoregression (VAR) framework, by considering a common set of variables for all countries. Our findings suggest that: (a) what appears to be the main driving forces of consumer confidence cannot be simply summarised on the basis of ... |
| Beschreibung: | 1 Online-Ressource (30 p.) |
| DOI: | 10.1787/jbcma-v2004-art10-en |
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| spelling | Golinelli, Roberto VerfasserIn aut Consumer Sentiment and Economic Activity A Cross Country Comparison Roberto, Golinelli and Giuseppe, Parigi Paris OECD Publishing 2004 1 Online-Ressource (30 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The objective of this article is to reassess the validity of the consumer confidence (or sentiment) indices in anticipating the evolution of economic activity by considering a fairly high number of countries across the world (i.e. France, Germany, Italy, UK, USA, Japan, Canada and Australia) over a period of about thirty years, from the beginning of the seventies till the end of 2002 (quarterly data). To our knowledge this is the first attempt to analyse the consumer confidence index for several countries over such a long period of time. We model the CSIoutput relationship in a cointegrated vector autoregression (VAR) framework, by considering a common set of variables for all countries. Our findings suggest that: (a) what appears to be the main driving forces of consumer confidence cannot be simply summarised on the basis of ... Economics Parigi, Giuseppe MitwirkendeR ctb Enthalten in Journal of Business Cycle Measurement and Analysis Vol. 2004, no. 2, p. 147-170 volume:2004 year:2004 number:2 pages:147-170 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/jbcma-v2004-art10-en Volltext |
| spellingShingle | Golinelli, Roberto Consumer Sentiment and Economic Activity A Cross Country Comparison Economics |
| title | Consumer Sentiment and Economic Activity A Cross Country Comparison |
| title_auth | Consumer Sentiment and Economic Activity A Cross Country Comparison |
| title_exact_search | Consumer Sentiment and Economic Activity A Cross Country Comparison |
| title_full | Consumer Sentiment and Economic Activity A Cross Country Comparison Roberto, Golinelli and Giuseppe, Parigi |
| title_fullStr | Consumer Sentiment and Economic Activity A Cross Country Comparison Roberto, Golinelli and Giuseppe, Parigi |
| title_full_unstemmed | Consumer Sentiment and Economic Activity A Cross Country Comparison Roberto, Golinelli and Giuseppe, Parigi |
| title_short | Consumer Sentiment and Economic Activity |
| title_sort | consumer sentiment and economic activity a cross country comparison |
| title_sub | A Cross Country Comparison |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/jbcma-v2004-art10-en |
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