Show simple item record

dc.contributor.author
Sandqvist, Anna P.
dc.contributor.author
Siliverstovs, Boriss
dc.date.accessioned
2018-10-31T13:19:15Z
dc.date.available
2018-10-24T10:25:29Z
dc.date.available
2018-10-24T10:28:45Z
dc.date.available
2018-10-31T13:19:15Z
dc.date.issued
2018-10
dc.identifier.uri
http://hdl.handle.net/20.500.11850/298425
dc.identifier.doi
10.3929/ethz-b-000298425
dc.description.abstract
Although the influence of exceptional weather on individual behaviour has already been acknowledged in finance, psychology, and marketing, the literature examining weather effects at more aggregate level is still limited. Further, there is a lot of anecdotal evidence that weather anomalies affect consumer spending and retail business. The main aim of this analysis is to investigate and quantify the effects of unusual weather in consumer spending at macro-level. Using aggregate retail sales data for Switzerland, our findings reveal that weather deviations from seasonal norms, especially, unusually high or low temperatures in a given month, do cause sizeable intertemporal shifts in consumer spending at country level. Furthermore, the effects of abnormal weather are found to differ across seasons, both with respect to sign and magnitude. In particular, our findings indicate that weather effects manifest mainly through the seasons change channel: weather conditions in line with the coming season boost the purchases early in the season.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
intertemporal shifts
en_US
dc.subject
consumer spending
en_US
dc.subject
retail sales
en_US
dc.subject
unusual weather
en_US
dc.title
Is it good to be bad or bad to be good?: Assessing the aggregate impact of abnormal weather on consumer spending
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
KOF Working Papers
ethz.journal.volume
443
en_US
ethz.size
31 p.
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy::E21 - Consumption; Saving; Wealth
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E3 - Prices, Business Fluctuations, and Cycles::E32 - Business Fluctuations; Cycles
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D1 - Household Behavior and Family Economics::D12 - Consumer Economics: Empirical Analysis
en_US
ethz.code.jel
JEL - JEL::C - Mathematical and Quantitative Methods::C2 - Single Equation Models; Single Variables::C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute::06331 - KOF FB Konjunkturumfragen / KOF Business Tendency Surveys
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute::06331 - KOF FB Konjunkturumfragen / KOF Business Tendency Surveys
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.date.deposited
2018-10-24T10:25:31Z
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2018-10-24T10:28:48Z
ethz.rosetta.lastUpdated
2021-02-15T02:21:23Z
ethz.rosetta.versionExported
true
ethz.COinS
ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.atitle=Is%20it%20good%20to%20be%20bad%20or%20bad%20to%20be%20good?:%20Assessing%20the%20aggregate%20impact%20of%20abnormal%20weather%20on%20consumer%20spending&rft.jtitle=KOF%20Working%20Papers&rft.date=2018-10&rft.volume=443&rft.au=Sandqvist,%20Anna%20P.&Siliverstovs,%20Boriss&rft.genre=preprint&
 Search print copy at ETH Library

Files in this item

Thumbnail

Publication type

Show simple item record