The aim of the paper is to evaluate the relationship between consumption and consumers’climate, controlling for the effect of different time periods and of socio-political factors. We find that confidence significantly contributes in explaining consumption behaviour when the cyclical situation...

Self-reported life satisfaction (SRS) in Italy has started to decline well before the current crisis. This paper explores the relationship between SRS and quality of life in Italy, using the ISAE data-base on households. SRS was surveyed on 2000 individuals in May 2008, November 2008 and April...