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How useful are consumer surveys as macroeconomic indicators?

Roy H. Webb

Richmond Fed Economic Brief, 2010, issue July, No 10-07

Abstract: Most economic indicators attempt to summarize what happened at a particular time in the past. Consumer surveys, however, examine attitudes and are thus fundamentally different from other widely reported indicators. Some surveys, such as those that measure inflation expectations, have proven to be useful to economists and policymakers, while the evidence is more mixed for others, such as forecasts of consumer spending.

Keywords: Business cycles; Economic conditions (search for similar items in EconPapers)
Date: 2010
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