The Effects of Uncertainties in Economic Policy on Confidence Indices

Saffet Akdağ
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Saffet Akdağ: Yozgat Bozok University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2020, vol. 35, issue 113, 139-152

Abstract: Uncertainties are a factor that impact on decision-making processes of society. Especially the uncertainties in the world of economy closely affect both consumption behavior and investment behavior of the society. In this context, the effect of uncertainties in economic policies on consumer confidence index and producer confidence index representing the confidence of the society in the economy was investigated. Panel causality analysis was carried out between January 2003 and December 2018 for 16 OECD countries and 3 non-OECD countries. According to the results of causality analysis, it is determined that uncertainties in economic policies are the cause for confidence indices.

Keywords: Economy Policy Uncertainty Index; Confidence Index; Panel Causality (search for similar items in EconPapers)
JEL-codes: C23 D80 E20 E27 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:35:y:2020:i:113:p:139-152

DOI: 10.33203/mfy.574113

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