{"product_id":"confidence-economy-and-the-global-economic-crisis-von-radovan-fiser","title":"Confidence, Economy And The Global Economic Crisis","description":"\u003cp\u003eWe examine the role of confidence in economic   fluctuations. Empirically we examine Granger   causality from consumer confidence indicator to   growth of economic output in the Czech Republic and   the United States. In case of the U.S., we confirmed   the causality robustly. In case of the Czech   Republic, we found the causality, but not a robust   one. Generally, the causality is taken as evidence   for macroeconomic models with shocks to consumers's   expectations. Recently, these models with unique-  equilibrium gain on importance in economic theory.   The second focus of this study is the confidence-  related part of the financial and economic crisis of   late 2000s which made confidence indicators hit   record lows. Confidence has been cited as both a   source of the crisis and the remedy to the crisis.   We analyze such thoughts. One of the main ones is   the incorporation of animal spirits into mainstream   economomics.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844313970\"\u003e\u003ch3\u003eThe Role Of Confidence In Economic Fluctuations\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844313970","offer_id":39491158343773,"sku":"9783844313970","price":68.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/0cb789bd-d8b4-49cc-b1e1-ffacfe0d9c05.jpg?v=1758347385","url":"https:\/\/shop.autorenwelt.de\/products\/confidence-economy-and-the-global-economic-crisis-von-radovan-fiser","provider":"Autorenwelt Shop","version":"1.0","type":"link"}