Expenditure, Confidence, and Uncertainty: Identifying Shocks to Consumer Confidence Using Daily Data
نویسندگان
چکیده
منابع مشابه
Expenditure, Confidence, and Uncertainty: Identifying Shocks to Consumer Confidence Using Daily Data
The importance of consumer confidence in stimulating economic activity is a disputed issue in macroeconomics. Do changes in confidence represent autonomous fluctuations in optimism, independent of information on economic fundamentals, or are they a reflection of economic news? I study this question by using high-frequency microdata on spending and consumer confidence, and I find that consumer c...
متن کاملConsumer Confidence After
T he terrorist attacks on September 11 dealt a serious blow to the U.S. economy. The damage included the tragic loss of human life, massive property destruction, and disruptions to the travel and shipping industries. But immediately after the attacks, many observers also worried about the possible harm to business and consumer confidence. Although the effects on business confidence are hard to ...
متن کاملRayleigh Confidence Regions based on Record Data
This paper presents exact joint confidence regions for the parameters of the Rayleigh distribution based on record data. By providing some appropriate pivotal quantities, we construct several joint confidence regions for the Rayleigh parameters. These joint confidence regions are useful for constructing confidence regions for functions of the unknown parameters. Applications of the joint confid...
متن کاملStress, uncertainty and decision confidence.
We successfully manipulated decision confidence in a probabilistic prediction task by means of stress as induced by excessive cognitive demands. In particular, our results indicate that decisions (based on high and low, but not intermediate levels of uncertainty) made under stress (confirmed by skin conductance measures) are associated with increased confidence when outcome probabilities are in...
متن کاملThe Impact of Exchange Rate and Investor Confidence Uncertainty on Monetary and Economic Uncertainty in Iran
Failure to timely identify the occurrence of various shocks in the foreign exchange market due to the close relationship with the monetary, macroeconomic, and financial uncertainty can lead to crises and imbalances. In this paper, the effect of exchange rate and investor confidence on monetary and economic uncertainty in Iran is investigated, specifying a Multivariate GARCH model and the Grange...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2277650