Consumer Sentiment, the Stock Market, and Consumption Functions
Title | Consumer Sentiment, the Stock Market, and Consumption Functions PDF eBook |
Author | Ray C. Fair |
Publisher | |
Pages | 36 |
Release | 1971 |
Genre | Consumption (Economics) |
ISBN |
The Relationship Between Consumer Sentiment and Common Stock Prices
Title | The Relationship Between Consumer Sentiment and Common Stock Prices PDF eBook |
Author | Philip David Nathanson |
Publisher | |
Pages | 280 |
Release | 1970 |
Genre | Consumer education |
ISBN |
Consumer Sentiment and the Stock Market
Title | Consumer Sentiment and the Stock Market PDF eBook |
Author | Maria Ward Otoo |
Publisher | |
Pages | 32 |
Release | 1999 |
Genre | Consumers |
ISBN |
Consumer Sentiment, Durable Consumption, and Stock Returns
Title | Consumer Sentiment, Durable Consumption, and Stock Returns PDF eBook |
Author | Myroslav Pidkuyko |
Publisher | |
Pages | 45 |
Release | 2019 |
Genre | |
ISBN |
Using the Michigan Survey of Consumers, we provide evidence that consumers' beliefs about current and future aggregate durable expenditure predict expected returns. We rationalize this finding through an asset pricing model with recursive preferences over non-durable and durable goods and belief formation through Bayesian learning. We estimate the model to match standard macroeconomic and financial moments. Expectations about future consumption growth enter the stochastic discount factor of the economy through consumers' intertemporal marginal rate of substitution. This generates the predictability of beliefs for all future asset returns.
What is this Thing Called Confidence?
Title | What is this Thing Called Confidence? PDF eBook |
Author | Roberto Golinelli |
Publisher | |
Pages | 44 |
Release | 2003 |
Genre | Consumer confidence |
ISBN |
Financial Markets and the Real Economy
Title | Financial Markets and the Real Economy PDF eBook |
Author | John H. Cochrane |
Publisher | Now Publishers Inc |
Pages | 117 |
Release | 2005 |
Genre | Business & Economics |
ISBN | 1933019158 |
Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.
Inflation Expectations
Title | Inflation Expectations PDF eBook |
Author | Peter J. N. Sinclair |
Publisher | Routledge |
Pages | 402 |
Release | 2009-12-16 |
Genre | Business & Economics |
ISBN | 1135179778 |
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.