Consumer Confidence and Consumer Spending

By Sydney C. Ludvigson. 2004

738 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/255f10ab4838b73fb9025e4050c3a053aa3b6d95

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In Economics and Econometrics

Citations in the corpus

A Liquidity-Based Theory of Closed-End Funds (2009, methodology): “Michigan consumer sentiment measure, top sent The widely used University of Michigan household sentiment index is calculated from a regular survey of a large number of households regarding their financial situation and economic expectations (Ludvigson, 2004; Qiu and Welch, 2006; Lemmon and Portniagu”
The Effect of Customer Satisfaction on Consumer Spending Growth (2010, methodology): “Ludvigson (2004) concludes that sentiment and confidence indexes add only modest information to spending forecasts.”
Rational Forecasts or Social Opinion Dynamics? Identification of Interaction Effects in a Business Climate Survey (2009, methodology): “The leading examples are the Michigan Consumer Sentiment Index and the Conference Board Index for the U.S. economy, which have been reported monthly since the end of the 70ties (Ludvigson, 2004, Souleles, 2004).”
Investor sentiment and the MAX effect (2014, background): “The MCSI surveyors also ask households about their current propensity to buy major household items Ludvigson (2004) gives details on the key differences between the CBIND and the MCSI.”
The Welfare Effects of Misperceived Product Costs: Data and Calibrations from the Automobile Market (2013, background): “In macroeconomics, elicited consumer con dence is a barometer of economic prospects, as discussed by Dominitz and Manski (2004), Ludvigson (2004), and others.”
Forecasting US Recessions: The Role of Sentiment (2014, neutral): “Carroll, Fuhrer, and Wilcox (1994), Bram and Ludvigson (1998), Howrey (2001), and Ludvigson (2004) show that measures of consumer sentiment contain information about consumer spending.”
Buying Beauty: On Prices and Returns in the Art Market (2013, neutral): “(Ludvigson (2004) notes that " there is some evidence that consumer confidence surveys reflect expectations of income and non-stock market wealth growth " .)”
Forecasting Private Consumption: Survey-Based Indicators vs. Google Trends (2009, background): “6 See e.g. Ludvigson (2004) for a more detailed description of the characteristics of these indexes.”
Does investor sentiment really matter (2016, background): “Such indexes have proven successful in predicting household spending (Ludvigson, 2004; Garrett et al., 2005) and are considered a reliable barometer of sentiment in the aggregate market (Fisher and Statman, 2003; Antoniou et al., 2013).”
From Tweets to Polls: Linking Text Sentiment to Public Opinion Time Series (2010, background): “It is thought that high consumer confidence leads to more consumer spending; this line of argument is often cited in the popular media and by policymakers (Greenspan 2002), and further relationships with economic activity have been studied (Ludvigson 2004; Wilcox 2007).”