The aim of the paper is to assess the role of the Italian Consumer Sentiment Index (CSI) as an autonomous driving force of consumption decisions. We test for the presence of “rule of thumb” consumers as originally proposed by Cambell and Mankiw (1991), using sentiment measures distinguished...

The Joint harmonized Manufacturing survey for Italy, carried out by the Institute of Studies and Economic Analysis (ISAE, formerly ISCO), has a long history: it began on a quarterly basis in 1959, becoming monthly in 1962. The survey was then broadly modified in several occasions; in particular,...

The aim of the paper is to assess the role of the Italian Consumer Sentiment Index (CSI) as an autonomous driving force of consumption decisions. We test for the presence of quot;rule of thumbquot; consumers as originally proposed by Cambell and Mankiw (1991), using sentiment measures...

The Joint harmonized Manufacturing survey for Italy, carried out by the Institute of Studies and Economic Analysis (ISAE, formerly ISCO), began on a quarterly basis in 1959, becoming monthly in 1962. The survey was broadly modified in several occasions: in 1986 it was re-designed in order to...

This paper describes the new ISAE manufacturing survey design and its recent reengineering process. Three important goals have been reached: First, the underlying industrial structure for the aggregation of survey results is now based on the up-to-date NACE Rev. 1.1 classification (at the...

Relying on ISAE Italian data on consumers' unemployment expectations, we analyse the process of unemployment expectations formation across different socio-economic groups, distinguished according to their working condition. We find that employees are unable to correctly incorporate the effects...