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https://hdl.handle.net/20.500.14279/23894| Title: | What matters for consumer sentiment in the euro area? World crude oil price or retail gasoline price? |
| Authors: | Clerides, Sofronis Krokida, Styliani Iris A. Lambertides, Neophytos Tsouknidis, Dimitris |
| Major Field of Science: | Social Sciences |
| Field Category: | Economics and Business |
| Keywords: | Consumer sentiment;Oil supply and demand shocks;Euro area;Gasoline prices |
| Issue Date: | Jan-2022 |
| Source: | Energy Economics, 2022, vol. 105, articl. no. 105743 |
| Volume: | 105 |
| Journal: | Energy Economics |
| Abstract: | We investigate the link between crude oil prices, retail gasoline prices and consumer sentiment in the euro area. Our results reveal that consumer sentiment and its key components deteriorate notably as a response to positive shocks to real gasoline prices at the pump. On the contrary, positive oil-specific demand shocks do not trigger such a strong deterioration of consumer sentiment. The analysis is further refined to analyse the effects of these shocks to six key sub-components of consumer sentiment, which include household finance, conditions for buying durable products and the macroeconomy. |
| URI: | https://hdl.handle.net/20.500.14279/23894 |
| ISSN: | 01409883 |
| DOI: | 10.1016/j.eneco.2021.105743 |
| Rights: | © Elsevier |
| Type: | Article |
| Affiliation : | University of Cyprus Athens University of Economics and Business Cyprus University of Technology |
| Publication Type: | Peer Reviewed |
| Appears in Collections: | Άρθρα/Articles |
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