The purpose of this manuscript is to quantify exactly how much information and/or predictive content is contained in business sentiment surveys. This paper uses techniques drawn from information theory econometrics, and more specifically the theory of information entropy, to characterize the...

This article presents estimates of consumer planning horizons for countries at different levels of economic development. Within an intertemporal optimization framework a direct relationship is observed between the length of consumers' planning horizons and the level of economic development. In...