Expectations, Heterogeneous Forecast Errors, and Consumption: Micro Evidence from the Michigan Consumer Sentiment Surveys

Journal of Money, Credit and Banking

Volumn 36, Issue 1, 2004, Pages 39-72

  Souleles, Nicholas S ^a  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

Consumer confidence; Consumer sentiment; Excess sensitivity; Forecast errors; Permanent income hypothesis; Precautionary saving; Rational expectations; Shocks; Subjective expectations; Unobserved heterogeneity

Indexed keywords

EID: 1642416606     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1353/mcb.2004.0007     Document Type: Review

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