The Effect of Confidence Indicators on Unemployment: 37 OECD countries

Unemployment remains one of the most critical challenges facing modern economies, yet the role of confidence indicators in shaping labour market outcomes has received limited attention in the OECD context. This book provides a comprehensive empirical analysis of how business and consumer confidence interact with key macroeconomic variables to influence unemployment across 37 OECD countries over the period 2000-2023. Drawing on robust quantitative methods, the study examines the effects of the Business Confidence Index (BCI), Consumer Confidence Index (CCI), GDP growth, inflation, and interest rates, with particular attention to the moderating role of interest rates. The findings reveal that stronger business and consumer confidence significantly reduce unemployment, highlighting the importance of expectations and sentiment in economic performance. In addition, the evidence suggests that GDP growth lowers unemployment, offering strong support for Okun's Law in OECD economies. By integrating confidence indicators into the broader macroeconomic framework, this book offers valuable insights for scholars, policymakers, and researchers interested in labour markets, economic expectations,

Pagina's: 128, Paperback, Scholars' Press