The role of confidence measures in European unemployment dynamics

2026

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AI-generated summary

1) This paper investigates how confidence measures influence European unemployment dynamics, finding they are significant drivers of medium-run unemployment fluctuations.
2) * Analyzes the joint behavior of confidence measures and unemployment in European countries.
* Identifies a non-technological news shock that significantly impacts unemployment.
* Develops a theoretical framework to explain how news about future labor market conditions affects unemployment.
3) Confidence measures, unemployment, European economy, labor market, news shocks

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