演講者簡介 : Professor Seunghoon Na received his Ph.D. in Economics from Columbia University in 2018. He is currently an Assistant Professor at Purdue University. His research interests are Macroeconomics, International Macroeconomics and Finance, and Macroeconomics Implications of Expectation Formation and Uncertainty.
演講摘要 : This paper offers a structural interpretation of survey measures of consumer confidence. To this end, we consider a simple consumption model with noisy information about fundamentals and estimate a model-based measure of consumer confidence using national accounts. We show that the model-implied measure corresponds well to fluctuations in confidence survey data for the U.S. and a host of European countries. Our analysis provides an informational mechanism to interpret these widely used confidence indices.
