The cyclical nature of Consumer Sentiments Indices in the US and UK
AbstractThe present paper investigates the cyclical nature of Consumer Sentiments Indices (CSIs) for the US and UK. Using Threshold Autoregressive (TAR) models the empirical analysis indicates that the US CSI is mean reverting but adjusts asymmetrically and downwardly rigid.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
Volume (Year): 37 (2008)
Issue (Month): 5 (October)
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Web page: http://www.elsevier.com/locate/inca/620175
Asymmetric behavior Consumer Sentiments Indices TAR models;
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