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Consumer confidence as a predictor of consumption spending : evidence for the United States and the euro area
Dées, Stéphane; Soares Brinca, Pedro - 2011
For most academics and policy makers, the depth of the 2007-09 financial crisis, its longevity and its impacts on the real economy resulted from an erosion of confidence. This paper proposes to assess empirically the link between consumer sentiment and consumption expenditures for the United...
Persistent link: https://www.econbiz.de/10009160013
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Consumer Confidence as a Predictor of Consumption Spending : Evidence for the United States and the Euro Area
Dees, Stephane - 2011
For most academics and policy makers, the depth of the 2007-09 financial crisis, its longevity and its impacts on the real economy resulted from an erosion of confidence. This paper proposes to assess empirically the link between consumer sentiment and consumption expenditures for the United...
Persistent link: https://www.econbiz.de/10013124648
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What matters for consumer sentiment in the euro area? : world crude oil price or retail gasoline price?
Clerides, Sofronis; Krokida, Styliani-Iris; … - In: Energy economics 105 (2022), pp. 1-11
Persistent link: https://www.econbiz.de/10013201943
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Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - 2020
We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing durable from nondurable expenditures. We adopt a theoretical partial equilibrium framework to justify the identification strategy of our empirical model, a time-varying parameter...
Persistent link: https://www.econbiz.de/10012197836
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Household deposits and consumer sentiment expectations : evidence from Eurozone
Anastasiou, Dimitris; Ftiti, Zied; Louhichi, Waël; … - In: Journal of international money and finance 131 (2023), pp. 1-14
Persistent link: https://www.econbiz.de/10014248806
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Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - In: Journal of international money and finance 120 (2022), pp. 1-51
Persistent link: https://www.econbiz.de/10013417414
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Consumption effects of job loss expectations : new evidence for the euro area
Silva, António Dias da; Rusinova, Desislava; Weißler, … - 2023
Probabilistic job loss expectations elicited in the Consumer Expectations Survey have predictive power for future job loss. We find that an unexpected job loss leads to a negative consumption response, while this effect is muted for workers with ex-ante job loss expectations - consistent with...
Persistent link: https://www.econbiz.de/10014315230
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Monetary policy shocks in open economies and the inflation unemployment trade-off : the case of the Euro Area
Ribba, Antonio - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-12
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of …
Persistent link: https://www.econbiz.de/10013168711
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Inflation and fiscal policy : is there a threshold effect in the fiscal reaction function?
Briodeau, Clémence; Checherita-Westphal, Cristina - 2023
changes in inflation on fiscal policy. We find evidence of non-linear short-term effects of HICP inflation on the primary … an inflation turning point - beyond which its short-term (contemporaneous) impact on the primary balance starts being … the whole sample of euro area countries in 2022 (EA-19). Using an alternative measure of "inflation surprise" (available …
Persistent link: https://www.econbiz.de/10014483665
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Investigating the inflation-output nexus for the euro area : old questions and new results
Reimers, Hans-Eggert; Gerdesmeier, Dieter; Roffia, Barbara - In: Economies : open access journal 11 (2023) 11, pp. 1-15
The relationship between inflation and real GDP growth is one of the most widely researched topics in macroeconomics … policy, given the fact that low inflation in combination with high and sustained output growth should be the central … central banks all over the world have selected target levels for inflation and communicated them to the public. Against this …
Persistent link: https://www.econbiz.de/10014458568