Garrett, Thomas A.; Hernández-Murillo, Rubén; Owyang, … - Federal Reserve Bank of St. Louis - 2004
expenditures. Given
that consumption expenditures have a direct correspondence with economic growth, the issue is,
then …, whether consumer sentiment can predict economic growth. If consumer sentiment does
predict economic growth, a further … factor in forecasting regional economic growth.
14
References
Allenby, Greg M., Jen, Lichung, and Leone, Robert P …