If you are experiencing problems downloading PDF or HTML fulltext, our helpdesk recommend clearing your browser cache and trying again. If you need help in clearing your cache, please click here . Still need help? Email help@ingentaconnect.com

Psychology, consumer sentiment and household expenditures

$54.78 plus tax (Refund Policy)

Buy Article:


The aim of this article 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 Campbell and Mankiw (1991), using sentiment measures distinguished by respondent's working condition and consumption data disaggregated according to durability, over the period 1982-2004. The consumption-sentiment relationship is found to be stronger for some groups of households and for some particular categories of expenditures. Moreover, sentiment seems to be not well explained by economic fundamentals alone, capturing also the effects of the political cycle and exceptional circumstances.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840600606351

Affiliations: ISAE, Italy

Publication date: July 1, 2007

More about this publication?
Related content

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more