Template-Type: ReDIF-Paper 1.0
Author-Name: de Bruijn, L.P.
Author-Name-Last: de Bruijn
Author-Name-First: Bert
Author-Name: Segers, R.
Author-Name-Last: Segers
Author-Name-First: René
Author-Person: pse130
Author-Name: Franses, Ph.H.B.F.
Author-Name-Last: Franses
Author-Name-First: Philip Hans
Author-Person: pfr226
Title: A Novel Approach to Measuring Consumer Confidence
Abstract: This paper puts forward a new data collection method to measure daily consumer confidence at the individual level. The data thus obtained allow to statistically analyze the dynamic correlation of such a consumer confidence indicator and to draw inference on transition rates. The latter is not possible for currently available monthly data collected by statistical agencies on the basis of repeated cross-sections. In an application to measuring Dutch consumer confidence, we show that the incremental information content in the novel indicator helps to better forecast consumption.
Length: 20
Creation-Date: 2014-11-01
File-URL: https://repub.eur.nl/pub/77640/EI2014-30.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2014-30
Number: EI-1670
Classification-JEL: C33, C42, C81, E20
Keywords: Consumer confidence, Randomized sampling, Markov transition model, consumption
Handle: RePEc:ems:eureir:77640