TY  - UNPD
A1  - Entorf, Horst
A1  - Knoll, Christian
A1  - Sattarova, Liliya
T1  - Measuring confidence and uncertainty during the financial crisis : evidence from the CFS survey
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2010,18
N2  - The CFS survey covers individual situations of banks and other companies of the financial sector during the financial crisis. This provides a rare possibility to analyze appraisals, expectations and forecast errors of the core sector of the recent turmoil. Following standard ways of aggregating individual survey data, we first present and introduce the CFS survey by comparing CFS indicators of confidence and predicted confidence to ifo and ZEW indicators. The major contribution is the analysis of several indicators of uncertainty. In addition to well established concepts, we introduce innovative measures based on the skewness of forecast errors and on the share of ‘no response’ replies. Results show that uncertainty indicators fit quite well with pattern of real and financial time series of the time period 2007 to 2010. Business Sentiment , Financial Crisis , Survey Indicator , Uncertainty
T3  - CFS working paper series - 2010, 18 
KW  - Business Sentiment
KW  - Financial Crisis
KW  - Survey Indicator
KW  - Uncertainty
KW  - Finanzkrise
KW  - Kreditwesen
KW  - Finanzintermediäre
KW  - Geschichte 2007-2010
Y1  - 2010
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/7937
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-75644
IS  - Version July 1, 2010
PB  - Goethe-Univ., House of Finance, Center for Financial Studies
CY  - Frankfurt am Main
ER  -