for interest rates and volatility. We extend this analysis and investigate the seasonality of market activity and …

sentiment and consumption expenditures for the United States and the euro area. It shows under which circumstances confidence … indicators can be a good predictor of household consumption even after controlling for information in economic fundamentals …. Overall, the results show that the consumer confidence index can be in certain circumstances a good predictor of consumption …

consumption and real GDP. In line with BNW, we find that confidence shocks explain a large share of the variance in real economic …

We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … cross-country heterogeneity in how different factors (including durable-specific ones) explain consumption; (iii) the … strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …