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Do sales of men's underwear really predict the state of the economy?

Smith, Phil; (Faculty of Engineering, Universitas Indonesia, 2012)

 Abstrak

Alan Greenspan, the then Chairman of the US Federal Reserve, was reported in 1997 to have studied men’s underwear sales, to provide an early warning for recession in the US economy. Since then many economics editors have written about men’s underwear sales and a Men’s Underwear Index, to support their views on the future direction of the economy; and the OECD use a basket of indicators to forecast the world economy (OECD, 2008). This paper explores the theory and its empirical robustness for 57 countries. There is some limited statistical evidence that sales of men’s underwear might be an indicator of the US economy, or more precisely of looming recession. But the relationship is far from clear; therefore as an indicator it should be approached with extreme caution. Certainly more detailed and robust investigation is required. Looking across a further 56 counties, men’s underwear sales appear to be unrelated to the economy as a whole, seeming to behave as a basic commodity. However, for Armenia, Ecuador and Kuwait, there may be some validity in understanding the relationship further.

 Metadata

No. Panggil : UI-IJTECH 3:1 (2012)
Entri utama-Nama orang :
Subjek :
Penerbitan : Depok: Faculty of Engineering, Universitas Indonesia, 2012
Sumber Pengatalogan : LibUI eng rda
ISSN : 20869614
Majalah/Jurnal : International Journal of Technology
Volume : Vol. 3, No. 1, January 2012: Hal. 77-84
Tipe Konten : text
Tipe Media : unmediated
Tipe Carrier : volume
Akses Elektronik : https://doi.org/10.14716/ijtech.v3i1.83
Institusi Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, Lantai 4 R. Koleksi Jurnal
  • Ketersediaan
  • Ulasan
No. Panggil No. Barkod Ketersediaan
UI-IJTECH 3:1 (2012) 08-23-07170697 TERSEDIA
Ulasan:
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