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European household and business expectations during COVID-19: Towards a v-shaped recovery in confidence?

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  • Ambrocio, Gene

Abstract

Confidence dropped universally across countries and sectors during the height of the COVID-19 pandemic in Europe. Latest survey data suggest that confidence is on track for a v-shaped recovery. The swift implementation of stringent containment measures as well as economic stimulus policy measures, along with several other country characteristics, correlate well with both the drop and recovery of confidence across countries.

Suggested Citation

  • Ambrocio, Gene, 2020. "European household and business expectations during COVID-19: Towards a v-shaped recovery in confidence?," BoF Economics Review 6/2020, Bank of Finland.
  • Handle: RePEc:zbw:bofecr:62020
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    References listed on IDEAS

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    1. Ambrocio, Gene, 2020. "Inflationary household uncertainty shocks," Research Discussion Papers 5/2020, Bank of Finland.
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    9. Yothin Jinjarak & Rashad Ahmed & Sameer Nair-Desai & Weining Xin & Joshua Aizenman, 2020. "Pandemic Shocks and Fiscal-Monetary Policies in the Eurozone: COVID-19 Dominance During January - June 2020," NBER Working Papers 27451, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Ambrocio, Gene, 2021. "Euro Area Business Confidence and Covid-19," Research Discussion Papers 4/2021, Bank of Finland.

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    More about this item

    Keywords

    Confidence; Covid-19; Survey expectations;
    All these keywords.

    JEL classification:

    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • I10 - Health, Education, and Welfare - - Health - - - General

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