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The Influence of Business Cycle on the Forecast of Household Financial Situation
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Mieczysław Kowerski,
Jarosław Bielak
Abstract
The paper presents the results of the analysis of relationships between the forecasts of household financial situation and quarterly growth of GDP. The research uses ordered dependent variable models (assuming three values: forecasted worsening, no changes, improvement) related to the GDP growth rate and selected control variables. In our calculations we used the quarterly results of economic sentiment surveys in Lubelskie Voivodship conducted from 2nd quarter of 2006 to 3rd quarter of 2012.
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Date 2013-12-31
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Date 2013-12-31
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10.56583/br.1096
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