TITLE

U.S. Consumers and the War in Iraq

AUTHOR(S)
Keyfitz, Robert
PUB. DATE
April 2004
SOURCE
Business Economics;Apr2004, Vol. 39 Issue 2, p18
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Modeling consumer confidence as a state-space system allows economic and non-economic influences to be distinguished and attributes virtually all of the recent volatility in consumer confidence to the latter. Through their depressing effects on consumer confidence, 'war jitters' and fears about weapons of mass destruction are estimated to have lowered consumption spending by a cumulative $40 billion, or 0.3 percent, over the past two years.
ACCESSION #
13194411

 

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