{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2025:JD2CMI6BNZHXW2LAIVLRYIDPZJ","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"6aa7bc84dda20f22579b6b6d3c632c5ff1720122cfb68cc315e0fd8abef269af","cross_cats_sorted":["q-fin.EC"],"license":"http://creativecommons.org/licenses/by/4.0/","primary_cat":"econ.GN","submitted_at":"2025-05-27T23:41:13Z","title_canon_sha256":"7a43ae644d2095ae5f50cbfabe4e1f394b53f30a63fd2ad745412bb44d1a4079"},"schema_version":"1.0","source":{"id":"2505.21832","kind":"arxiv","version":1}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"2505.21832","created_at":"2026-07-05T11:11:04Z"},{"alias_kind":"arxiv_version","alias_value":"2505.21832v1","created_at":"2026-07-05T11:11:04Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.2505.21832","created_at":"2026-07-05T11:11:04Z"},{"alias_kind":"pith_short_12","alias_value":"JD2CMI6BNZHX","created_at":"2026-07-05T11:11:04Z"},{"alias_kind":"pith_short_16","alias_value":"JD2CMI6BNZHXW2LA","created_at":"2026-07-05T11:11:04Z"},{"alias_kind":"pith_short_8","alias_value":"JD2CMI6B","created_at":"2026-07-05T11:11:04Z"}],"graph_snapshots":[{"event_id":"sha256:fe751ae61592a1ed80cf63db12eb6ca2d928791c665666ea275855845fe7a512","target":"graph","created_at":"2026-07-05T11:11:04Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"integrity":{"available":true,"clean":true,"detectors_run":[],"endpoint":"/pith/2505.21832/integrity.json","findings":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938","summary":{"advisory":0,"by_detector":{},"critical":0,"informational":0}},"paper":{"abstract_excerpt":"This study explores the interdependent relationship between consumer credit and consumer confidence in the United States using monthly data from January 1978 to August 2024. Utilizing a Vector Error Correction Model (VECM), the analysis focuses on the interplay between household borrowing behaviour and consumer sentiment while controlling for macroeconomic factors such as interest rates, inflation, unemployment, and money supply. The results reveal a stable long-run equilibrium: heightened consumer confidence is associated with increased credit utilization, reflecting greater financial optimis","authors_text":"Samiha Tariq, Weikang Zhang","cross_cats":["q-fin.EC"],"headline":"","license":"http://creativecommons.org/licenses/by/4.0/","primary_cat":"econ.GN","submitted_at":"2025-05-27T23:41:13Z","title":"Borrowing on Belief? Consumer Confidence and U.S. Credit -- A VECM Study"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2505.21832","kind":"arxiv","version":1},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:febd6894f4c65755d976d1facbe1ef52c7d2a892afe1d43805ce262591aeb309","target":"record","created_at":"2026-07-05T11:11:04Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"6aa7bc84dda20f22579b6b6d3c632c5ff1720122cfb68cc315e0fd8abef269af","cross_cats_sorted":["q-fin.EC"],"license":"http://creativecommons.org/licenses/by/4.0/","primary_cat":"econ.GN","submitted_at":"2025-05-27T23:41:13Z","title_canon_sha256":"7a43ae644d2095ae5f50cbfabe4e1f394b53f30a63fd2ad745412bb44d1a4079"},"schema_version":"1.0","source":{"id":"2505.21832","kind":"arxiv","version":1}},"canonical_sha256":"48f42623c16e4f7b696045571c206fca43ace198ebd91338a02c7426b55efec7","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"48f42623c16e4f7b696045571c206fca43ace198ebd91338a02c7426b55efec7","first_computed_at":"2026-07-05T11:11:04.363353Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-07-05T11:11:04.363353Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"7RnZpshB6d+jhOSK3zOhG2jDe959ELvHDR5qYCZNITb472EEPsoq1p6H+c+nDLDgNiXpuUN/4PfzXUUyYk3vCQ==","signature_status":"signed_v1","signed_at":"2026-07-05T11:11:04.363799Z","signed_message":"canonical_sha256_bytes"},"source_id":"2505.21832","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:febd6894f4c65755d976d1facbe1ef52c7d2a892afe1d43805ce262591aeb309","sha256:fe751ae61592a1ed80cf63db12eb6ca2d928791c665666ea275855845fe7a512"],"state_sha256":"ecafc9d5163e8486332bb6830891dcc98ae70ec1d0b7557ab52e5aed8591bfb7"}