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Motivation
Economic sentiment in Europe is weak. This applies both to consumers and businesses. What are the sources? Is European pessimism based on fundamental reasons (domestic,
European, global; economic, socio-economic, political) or are (also) “animal spirits” (self-reinforcing mood swings, which may be driven by “zeitgeist” and media) at play? To what extent is “sentiment” actually relevant for actual economic developments? Shedding
light on these questions is useful for designing the right policy responses: structural reforms, a support of aggregate demand, and/or the demonstration of strong and united government leadership, which sets in motion appropriate structural adjustments and
is able to create a credible public narrative.
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14:30
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Latest developments in business and consumer sentiment in Europe
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Moderator:
Geoff Kenny · ECB
Christian Gayer · European Commission
Erwan Gautier · Banque de France
Klaus Wohlrabe · IFO Institut
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15:10
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What drives consumer & business sentiment: fundamentals, behavioral explanations, role of media
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Moderator:
Ernest Gnan ·
SUERF
Katharina Gangl
· Institute for Advance Studies Vienna
Geoff Kenny
· ECB
Alistair Macaulay
· University of Surrey
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15:50
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How relevant is (weak) sentiment? Or are after all fundamentals the problem?
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Moderator:
Birgit Niessner · Österreichische Nationalbank
Arne Holzhausen · Allianz SE
Laurent Maurin · European Investment Bank (EIB)
Mario Pietrunti · BNP Paribas
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16:30
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End
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Date
Wednesday, 9 April 2025
I online via Webex
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