金利が消費者センチメントの異常値を説明する可能性
本稿は、経済ファンダメンタルズが堅調であるにもかかわらず消費者センチメントが低迷するという近年の「異常値」について、金利の影響が鍵を握ると主張する。高金利環境が消費者の心理に非対称な負の効果を与え、従来の経済指標では捉えきれないセンチメントの乖離を説明できる可能性を実証分析に基づいて示す。
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