Kwan, Andy C. C.; Cotsomitis, John A. - In: Southern Economic Journal 71 (2004) 1, pp. 136-144
This article examines the usefulness of various measures of consumer confidence in forecasting household spending in the United States. Using the reduced-form equation of Carroll, Fuhrer, and Wilcox (American Economic Review 84:1397–1408, 1994), we find that for the post-World War II period,...
