The cyclical nature of Consumer Sentiments Indices in the US and UK

Joshy Easaw and Atanu Ghoshray

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2008, vol. 37, issue 5, 1994-1998

Abstract: The present paper investigates the cyclical nature of Consumer Sentiments Indices (CSIs) for the US and UK. Using Threshold Autoregressive (TAR) models the empirical analysis indicates that the US CSI is mean reverting but adjusts asymmetrically and downwardly rigid.

Keywords: Asymmetric; behavior; Consumer; Sentiments; Indices; TAR; models (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:37:y:2008:i:5:p:1994-1998

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