sentiment (considering both confidence and uncertainty) and economic activity. Second, we review existing empirical measures of … sentiment, in particular consumer confidence, stock market volatility (SMV) and Economic Policy Uncertainty (EPU), on monthly … across countries, suggesting the existence of a global factor. Consumer confidence has the closest co-movement with economic …

culture. However, the role of cognitive processes has largely been neglected, especially in the analysis of central bank trust …. In this paper we aim to address this gap focusing on the case of the European Central Bank (ECB). We introduce the … driven by women, and in particular by those who say they possess a low understanding of the central bank’s policies …

This paper explores how discretionary fiscal policies on the revenue side of the government budget have reacted to …

identify the causal effects of confidence shocks on real economic activity in a selection of advanced economies. Starting from … consumption and real GDP. In line with BNW, we find that confidence shocks explain a large share of the variance in real economic … common global components in international confidence cycles, we extend the analysis to a FAVAR model. This approach proves …