You can read the paper at the following link:
http://www.lerner.udel.edu/sites/default/files/imce/economics/WorkingPapers/2011/UDWP2011-11.pdf
http://www.lerner.udel.edu/sites/default/files/imce/economics/WorkingPapers/2011/UDWP2011-11.pdf
Economic activity is driven not only by present conditions but also by beliefs about the future. Consumers decide how much to spend based on...
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