Psychology, consumer sentiment and household expenditures
Psychology, consumer sentiment and household expenditures
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心理学、消费者信心和家庭支出
DOI：
10.1080/00036840600606351
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发表时间：
2007
影响因子：
2.2
通讯作者：
P. Margani
中科院分区：
文献类型：
--
作者：
M. Malgarini;P. Margani
本文的目的是评估意大利消费者信心指数（CSI）作为消费决策的自主驱动力的作用。我们测试的存在“经验法则”的消费者最初提出的坎贝尔和Mankiw（1991年），使用情绪措施区分受访者的工作条件和消费数据，根据耐用性，在1982年至2004年期间。消费情绪的关系被认为是更强的一些家庭群体和某些特定类别的支出。此外，仅靠经济基本面似乎无法很好地解释情绪，还需要考虑政治周期和特殊情况的影响。
The aim of this article is to assess the role of the Italian Consumer Sentiment Index (CSI) as an autonomous driving force of consumption decisions. We test for the presence of ‘rule of thumb’ consumers as originally proposed by Campbell and Mankiw (1991), using sentiment measures distinguished by respondent's working condition and consumption data disaggregated according to durability, over the period 1982–2004. The consumption-sentiment relationship is found to be stronger for some groups of households and for some particular categories of expenditures. Moreover, sentiment seems to be not well explained by economic fundamentals alone, capturing also the effects of the political cycle and exceptional circumstances.