The Effects of Economic Shocks on Consumer Sentiment and Spending in the Short-run and the Long-run
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Authors
Bantis, Georgios Marios
Issue Date
2021-02-01
Type
Thesis
Language
en_US
Keywords
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Abstract
The field of economics is rapidly growing over the last centuries. New theories and economic models are being created every day in order to solve some of the most important problems humanity comes across. A pretty important field of economics is the one that deals with economic shocks, consumption, and their relationship. The overall purpose of this paper is to elucidate and study this relationship between consumption and economic shocks. Firstly, established economic models along with some important concepts and definitions have been perused. With the utilization of descriptive statistics this relationship has been studied in detail. In other words, economists’ research findings have been scrutinized, and my own survey, in the form of a questionnaire has been presented. The goal of this paper is to conclude whether or not the primary and secondary data statistics results are on the same line, not only between themselves, but among the mentioned economic models. As anticipated the results and conclusions of the qualitative and quantitative research go along with the facts presented by the economic models, which means that economic shocks and consumption are indeed related with each other.
Description
vii, 60 p.
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U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.