Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US

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 p...

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Autores principales: Abosedra, Salah, Laopodis, Nikiforos T., Fakih, Ali
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8645264/
https://www.ncbi.nlm.nih.gov/pubmed/34899924
http://dx.doi.org/10.1016/j.jeca.2021.e00227
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author Abosedra, Salah
Laopodis, Nikiforos T.
Fakih, Ali
author_facet Abosedra, Salah
Laopodis, Nikiforos T.
Fakih, Ali
author_sort Abosedra, Salah
collection PubMed
description 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.
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spelling pubmed-86452642021-12-06 Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US Abosedra, Salah Laopodis, Nikiforos T. Fakih, Ali J Econ Asymmetries Article 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. Elsevier B.V. 2021-11 2021-09-23 /pmc/articles/PMC8645264/ /pubmed/34899924 http://dx.doi.org/10.1016/j.jeca.2021.e00227 Text en © 2021 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Abosedra, Salah
Laopodis, Nikiforos T.
Fakih, Ali
Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US
title Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US
title_full Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US
title_fullStr Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US
title_full_unstemmed Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US
title_short Dynamics and asymmetries between consumer sentiment and consumption in pre- and during-COVID-19 time: Evidence from the US
title_sort dynamics and asymmetries between consumer sentiment and consumption in pre- and during-covid-19 time: evidence from the us
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8645264/
https://www.ncbi.nlm.nih.gov/pubmed/34899924
http://dx.doi.org/10.1016/j.jeca.2021.e00227
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AT fakihali dynamicsandasymmetriesbetweenconsumersentimentandconsumptioninpreandduringcovid19timeevidencefromtheus

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