RT Journal Article
T1 Consumer and business confidence connectedness in the euro area: a tale of two crises
A1 Fernández Pérez, Adrian
A1 Gómez Puig, Marta
A1 Sosvilla Rivero, Simón Javier
AB Purpose: To examine the propagation of consumer and business confidence in the euro area (EA) with a particular focus on the global financial crisis (GFC), the European sovereign debtcrisis (ESDC), and the COVID-19-induced Great Lockdown.Design/methodology/approach: The authors apply Diebold and Yilmaz’s connectedness framework and the improved method based on the Time-Varying Parameter Vector Autoregressive model.Findings: The authors find that although the evolution of business confidence marked the GFC and the ESDC the role of consumer confidence (mainly in those countries with stricter containment and closure measures) increased in the COVID-19-induced crisis.Originality/value: The findings are related to the different origins of the examined crisis periods, and the analysis of their interrelationship is a very relevant topic for future research.
PB Esmerald
SN 2632-7627
YR 2024
FD 2024-04-08
LK https://hdl.handle.net/20.500.14352/104930
UL https://hdl.handle.net/20.500.14352/104930
LA eng
NO Fernandez-Perez, A., Gómez-Puig, M. , Sosvilla-Rivero, S. "Consumer and business confidence connectedness in the euro area: a tale of two crises", Applied Economic Analysis, 2024, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/AEA-01-2024-0028
DS Docta Complutense
RD 6 abr 2025