Five years after Lehman Brothers defaulted, the Dutch consumer confidence is still very low. Based on a monthly time … consumer sentiment. We show that during the Great Recession confidence drops are magnified by the decline in the public's trust … be crucial for consumer confidence. Furthermore, we identify autonomous waves of optimism and pessimism. We interpret …

use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business … cycle fluctuations. We show that financial frictions strongly amplify the response to confidence shocks - more strongly than …

makers (possibly related to a loss of confidence), withdrawal of potential workers from the labor market, diminished …

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 …