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Autor:innen: 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 17/2019
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
I provide a measure of household uncertainty available for European Union (EU) countries. The measure draws from the same consumer survey data used to construct widely-used consumer sentiment indices. I find that increases in household uncertainty are followed by declines in consumer sentiment and household financial conditions. Using Euro Area-wide indices, I also find that the effects of increases in household uncertainty differ from increases in uncertainty from other sources such as financial markets and economic policy. Notably, household uncertainty shocks are inflationary. These results challenge the notion that (household) uncertainty shocks act like negative demand shocks.
JEL: 
C32
D84
E37
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-323-291-4
Dokumentart: 
Working Paper

Datei(en):
Datei
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