Using a VECM on US monthly data, the paper reports a long-run positive link between consumer confidence and consumer credit, with slow adjustment and limited short-run effects.
(2025).US total consumer credit outstand- ing
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Borrowing on Belief? Consumer Confidence and U.S. Credit -- A VECM Study
Using a VECM on US monthly data, the paper reports a long-run positive link between consumer confidence and consumer credit, with slow adjustment and limited short-run effects.