This page offers the latest information about workshop series by WINPEC (Waseda Institute of Political Economy).
Macroeconomics
Jan. 20
2025
| Title |
What Is Consumer Confidence? |
| Date |
January 20, 2025 (Monday) 10:40-12:10 |
| Location |
12th Floor Discussion Room (Building 3) |
| Abstract |
This paper offers a structural interpretation of survey measures of consumer confidence. To this end, we consider a simple consumption model with noisy information about fundamentals and estimate a model-based measure of consumer confidence using national accounts. We show that the model-implied measure corresponds well to fluctuations in confidence survey data for the U.S. and a host of European countries. Our analysis provides an informational mechanism to interpret these widely used confidence indices. |
| Paper |
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