The business cycles and the influence of economic confidence indicators in the European region

Alexandru Constantinescu ()
Additional contact information
Alexandru Constantinescu: Phd Student, Bucharest Academy of Economic Studies, Romania

Romanian Economic Journal, 2012, vol. 15, issue 44, 201-224

Abstract: The economic confidence level is expressed by managers that are active in significant economic sectors. The financial markets consider these economic confidence indicators as leading instruments that can point the direction of the real economy. The level of trust in the economy is important because, similar with the stock investors behavior, the private sector managers or the consumers can act and carry a restrictive or a euphoric business policy, actions that could in fact affect the environment in a negative way and could unbalance the economic equilibrium.The role of this study is to propose a methodology of analyzing the influence of the economic confidence indicators over the stock market, an industry that can be overlooked as a transmission environment for the investment sentiment. We plan to study and comment the relation between these indicators, the stock market and future macroeconomic results like the GDP, the industrial production or the unemployment rate.

Keywords: macroeconomic indicators; financial markets circuit; economic sentiment indicators; stock volatility; economic cycles (search for similar items in EconPapers)
JEL-codes: G14 G15 G17 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rejournal.eu/sites/rejournal.versatech. ... 13constantinescu.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:15:y:2012:i:44:p:201-224

Access Statistics for this article

Romanian Economic Journal is currently edited by Ioan Popa, PhD

More articles in Romanian Economic Journal from Department of International Business and Economics from the Academy of Economic Studies Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Radu Lupu ().