Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US
Document Type
Article
Publication Title
Journal of Economic Asymmetries
Publication Date
11-1-2021
Abstract
We study the dynamic relationships between consumer expenditures and consumer sentiment in the pre- and during the COVID-19 periods. Our results indicate that sentiment is closely related to consumption as consumers seem to maintain a long memory of the impact of sentiment during the period of the pandemic relative to the pre-pandemic period. We also found asymmetric behavior of consumption growth with and without the influence of sentiment during each sub-period. We offer some specific policy implications that are beneficial to the US economy and other countries.
Volume
24
DOI
10.1016/j.jeca.2021.e00227
Recommended Citation
Abosedra, S., Laopodis, N., & Fakih, A. (2021). Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US. Journal of Economic Asymmetries, 24 https://doi.org/10.1016/j.jeca.2021.e00227
ISSN
17034949
