Consumer expectation and output growth: The case of China

This study shows that China’s Consumer Expectation Index contains useful information about pure expectation shocks, which are unrelated to economic fundamentals. It turns out that such shocks are likely to be an important independent driver of industrial output growth.

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Year of publication:	2011
Authors:	Li, Cheng
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 3, p. 298-300
Publisher:	Elsevier
Subject:	Consumer expectation \| Output growth \| Sunspot \| Vector-autoregression

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Type of publication:	Article
Classification:	E21 - Consumption; Saving ; E32 - Business Fluctuations; Cycles ; E37 - Forecasting and Simulation ; C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
Source:	RePEc - Research Papers in Economics

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