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Record W1438346330

The Oil Price Changes and the Consumer Confidence: Evidence from Canada

2015· article· en· W1438346330 on OpenAlexaboutno aff
Xiaolong Liu

Bibliographic record

VenueuO Research (University of Ottawa) · 2015
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicMarket Dynamics and Volatility
Canadian institutionsnot available
Fundersnot available
KeywordsConsumer confidence indexEconomicsVolatility (finance)Oil priceConfidence intervalEconometric modelAffect (linguistics)Monetary economicsEconometricsMacroeconomics
DOInot available

Abstract

fetched live from OpenAlex

Previous studies on macroeconomic effects of oil price changes and of oil price uncertainty have mainly focused on real economic outcomes, such as employment, consumption and aggregate output. This paper investigates the links between the oil price changes and the consumer confidence in Canada, at both the national and the regional levels, using the correlation analysis and least square econometric methods. The results of this paper suggest the oil price declines mainly affect the consumer confidence about the overall employment and about the overall buying conditions of durable goods. More specifically, the oil price declines have negative impacts on the consumer confidence about the overall employment in Canada. However, the impacts on the consumer confidence about the overall buying conditions of durable goods differ in the oil-producing regions and the oil-consuming regions. For the minority of the regions in Canada, the oil price changes affect the consumer confidence about the household financial positions. In addition, several oil price transformations are examined in this paper. The introduction of the asymmetric oil price changes reveals that the oil price declines are more important in affecting the consumer confidence about the employment expectation than the oil price rises. Although different levels of the oil price volatility might not affect the consumer confidence, the higher is the oil price volatility, the more sensitive is the consumer confidence to the oil price changes of the same size.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.005
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.015
Threshold uncertainty score0.112

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.005
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.001
Bibliometrics0.0010.005
Science and technology studies0.0020.001
Scholarly communication0.0010.000
Open science0.0010.001
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0030.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.098
GPT teacher head0.262
Teacher spread0.164 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2015
Admission routes1
Has abstractyes

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