Measuring the interconnectedness of financial institutions

Bhar, Ramaprasad; Nikolova, Biljana

doi:10.1016/j.ecosys.2012.05.003

Cited by 3 publications

(2 citation statements)

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“…The predictive power of the Consumer Confidence Index, beyond objective economic metrics, is noted in the broader economic literature as well and is often attributed to the fact that this Index captures something about the economy that other metrics do not. For instance, the Consumer Confidence Index has been used as a proxy for Bconfidence in the effectiveness of government intervention policies^following an economic crisis (Bhar and Nikolova 2013). Trends in objective economic metrics and the Consumer Confidence Index during recovery from the 2007-2009 financial crisis, for instance, were interpreted as suggesting that U.S. policy makers were able to communicate a committed approach to overcoming economic downturn, which was reflected in an increasing Consumer Confidence Index (Bhar and Nikolova 2013).…”

Section: Discussionmentioning

confidence: 99%

“…For instance, the Consumer Confidence Index has been used as a proxy for Bconfidence in the effectiveness of government intervention policies^following an economic crisis (Bhar and Nikolova 2013). Trends in objective economic metrics and the Consumer Confidence Index during recovery from the 2007-2009 financial crisis, for instance, were interpreted as suggesting that U.S. policy makers were able to communicate a committed approach to overcoming economic downturn, which was reflected in an increasing Consumer Confidence Index (Bhar and Nikolova 2013). Likewise, European equivalents of the Index are conceptualized as being responsive (in the short-term) to political events like elections and changes in policy (e.g., Paradiso et al 2014).…”

Section: Discussionmentioning

confidence: 99%

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Preliminary Data Linking American Consumer Perceptions with Unauthorized Migration to the U.S.

Venta

Cooper

Bristow³

et al. 2018

Int. Migration & Integration

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Unauthorized migration to the U.S. is frequent, though economic predictors are understudied. This study examined the predictive utility of U.S. economic metrics in relation to unauthorized migration 2000-2016. Findings indicated that economic metrics add significant predictive power to models predicting unauthorized migration up to 4 months later. The most predictive metric was the Consumer Confidence Index, indicating that the perception of U.S. economic health-rather than objective parameterization-is most relevant. To our knowledge, this is the first study to consider the Consumer Confidence Index and examine U.S. economic metrics over the last decade, in relation to unauthorized migration. Keywords Migration . Economics . Southwest . Mexico . Unauthorized Unauthorized migration to the U.S. remains substantial, with more than 415 thousand unauthorized migrants apprehended by U.S. Border Patrol during the 2016 Fiscal Year alone (U.S. Border Patrol 2016) and an estimated 11.2 unauthorized immigrants living in the U.S. in 2012-more than in any other nation (Rosenblum 2015). Broad conceptualizations of the causes of unauthorized migration to the U.S. cite varied Bpush^and Bpull^factors. Many widely researched push factors are economic in nature, centered on the basic notion that migrants experience inadequate income and employment opportunities in their home countries (Rosenblum 2015), and thus, are pushed to countries with those assets. When real wages in Mexico decline, for instance, apprehensions at the U.S.-Mexico border increase (Hanson and Spilimbergo 1996)suggesting an economic push for unauthorized migration to the U.S. Despite a large

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Section: Discussionmentioning

confidence: 99%