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dc.contributor.authorLoundes, J.en_US
dc.contributor.authorScutella, R.en_US
dc.date.accessioned2014-05-22T09:45:42Z
dc.date.available2014-05-22T09:45:42Z
dc.date.issued2000-11en_US
dc.date.submitted2002-11-10en_US
dc.identifier.citationLoundes, Joanne and Scutella, Rosanna (2000) Consumer Sentiment and Australian Consumer Spending.en_US
dc.identifier.urihttp://hdl.handle.net/11343/33658
dc.description.abstractThere is a growing literature that seeks to analyse the relationship between consumer sentiment and economic variables, primarily because of the pervasive belief that consumers' opinions and expectations can influence the direction of-or signal changes in the direction of-the economy. There has been little previous empirical work on Australian consumer sentiment, either in determining its explanatory power, or examining the factors that influence consumer sentiment. This research aims to fill part of this gap by providing a clearer understanding of the relationship between consumer attitudes and 'real' economic variables. Specifically, the predictive power of the consumer sentiment index for consumption will be examined using the methods proposed in Carroll, Fuhrer and Wilcox (1994). Private consumption expenditure accounts for a large proportion of GDP; hence, early detection of possible shifts in consumer spending could assist policy makers in smoothing out the business cycle. Our results suggest that the causal relationship between consumption and sentiment in Australia is more complicated than what Carroll et al suggest, and that the behaviour of consumption in Australia looks more like the permanent income hypothesis than it does in the US.en_US
dc.formatapplication/pdfen_US
dc.languageengen_US
dc.relation.isversionofhttp://www.ecom.unimelb.edu.au/iaesrwww/wp/wp2000n21.pdfen_US
dc.subjectconsumer sentimenten_US
dc.subjectindex for consumptionen_US
dc.subjectAustralian consumer attitudesen_US
dc.titleConsumer Sentiment and Australian Consumer Spendingen_US
dc.typePreprinten_US
melbourne.peerreviewNon Peer Revieweden_US
melbourne.affiliation.departmentEconomics and Commerce: Melbourne Institute of Applied Economic and Social Researchen_US
melbourne.source.month11en_US
melbourne.elementsidNA
melbourne.contributor.authorLOUNDES, JOANNE ELIZABETH
melbourne.contributor.authorSCUTELLA, ROSANNA
melbourne.accessrightsOpen Access


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