What is this Thing Called Confidence?: A Comparative Analysis of Consumer Confidence Indices in Eight Major Countries |
Contents
WHAT IS THIS THING CALLED CONFIDENCE? | 7 |
Withincountry consumer confidence determinants | 13 |
Concluding remarks | 22 |
Common terms and phrases
analysis anticipated economic conditions Australia Banca d'Italia BUSETTI business cycle Canada cointegration column of Table confidence indices Consumer Attitudes consumer confidence consumer sentiment index Consumption Function country-specific CSI determinants December Econometric economic activity euro area European Commission European Economic Review evolution exogeneity Federal Reserve Bank forecasting power France GAMBACORTA GDP growth Germany Golinelli households in-sample index is obtained Index of Consumer inflation rate interest rates Italian Italy Japan Journal of Banking Journal of Economic Journal of Forecasting June Katona macroeconomic variables Main Economic Indicators Matsusaka Mezzogiorno Michigan index monetary policy October OECD out-of-sample over-identifying restrictions p-values PANETTA parameters Parigi personal financial conditions Praet predictability quarterly relationship RMSE role SCHIVARDI seasonally adjusted short-run significant simultaneous effect SIVIERO Statistical stock market structural models Strumpfel survey tests thing called confidence unemployment rate unit roots United Kingdom UVAR model Vector Autoregressions