
Replication Files for "Consumer Attitudes and Their Forecasting Power for Consumer Spending,"
? by M. Barnes and G. Olivei
 


The files in this directory compute the Diebold Mariano tests in TABLE 1 in the paper for the 
Pseudo-Out-of-Sample and the Post-2007 period

NOTE: You will need RATS to run the programs 

The Excel files input the actual consumption data (1-quarter growth, denoted by "F1" and 4-quarter growth, denoted by "F4"), 
and the sentiment-based and principal component-based forecasts, which are generated in the TABLE1 directory.

