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.

, , ,
, , ,
hdl.handle.net/1765/132371
Department of Econometrics

Segers, R., & Franses, P. H. (2020). A novel approach to measuring consumer conficence. Retrieved from http://hdl.handle.net/1765/132371