Laura Nowzohour, Livio Stracca, 15 December 2017

At an intuitive level, economists and non-economists alike find it plausible that economic sentiment and economic developments are related. This column surveys recent theoretical and empirical work on the role of sentiment as a driver of the business cycle. Sentiment measures are found to be weakly correlated at the country level, but highly correlated across countries. Further, sentiment seems most closely correlated with economic and financial variables, and tends to be forward looking.

Michael Lechner, Stephan Wiehler, 15 October 2007

So far, the majority of labour market policy evaluation studies have concentrated on the impact of a single programme compared to participation or to nonparticipation in other programmes. The authors of CEPR DP6521 use a more dynamic evaluation framework and extend the focus to issues such as the order and timing of programmes and the effects of programme sequences, i.e. multiple participation in the same programme, or different programmes.

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