Consumer Confidence and Consumer Spending
Sydney Ludvigson
Journal of Economic Perspectives, 2004, vol. 18, issue 2, 29-50
Abstract:
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.
Date: 2004
Note: DOI: 10.1257/0895330041371222
References: Add references at CitEc
Citations: View citations in EconPapers (318)
Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/0895330041371222 (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:aea:jecper:v:18:y:2004:i:2:p:29-50
Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions
Access Statistics for this article
Journal of Economic Perspectives is currently edited by Enrico Moretti
More articles in Journal of Economic Perspectives from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert (mpa@aeapubs.org).