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Gas Prices and Consumer Sentiment

From news.gallup.com

Economic sentiment refers to individuals' beliefs and expectations about the state of the economy. Naturally, sentiment influences consumer behavior and, therefore, has important effects on the economy. But relatively little is known about the drivers of consumer sentiment. Faced with endless signals about the economy and limited attention, what do consumers choose to focus on when forming their beliefs? In recent research that is forthcoming in the Review of Economics and Statistics, we examine the role of gas price fluctuations in shaping consumer sentiment. The research focuses on gas prices because they are known ... (full story)

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  • Category: Fundamental Analysis