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국회도서관 홈으로 정보검색 소장정보 검색

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Title page 1

Contents 1

Abstract 3

I. Introduction 4

II. Survey Waves and Questions 6

III. Geopolitical Risk and Consumer Sentiment 9

IV. Geopolitical Concerns and Spending 12

V. Conclusion 14

References 14

Tables 21

Table 1. Household Consumption Response to Changes in Geopolitical Concerns 21

Figures 17

Figure 1. Geopolitical risk, Financial Sentiment, Spending, and Income Uncertainty 17

Figure 2. Distribution of Geopolitical and Climate-change Concerns 18

Figure 3. The Effect of Conflict Durations on Macroeconomic Expectations 19

Figure 4. The Effect of Conflict Durations on Households' Financial Sentiment and Real Consumption 20

Appendix Tables 27

Appendix Table 1. Descriptive Statistics 27

Appendix Table 2. Socioeconomic Predictors of Geopolitical Concerns 28

Appendix Table 3. Consumption Response by Country 29

Appendix Figures 22

Appendix Figure 1. Hypothetical Scenario Responses for Different Conflict Durations 22

Appendix Figure 2. The Effect of Conflict Durations on Worse Financial Sentiment and Lower Real Consumption 23

Appendix Figure 3. The Effect of Conflict Durations on Financial Sentiment and Real Consumption, incl. Consumer Fixed Effects 24

Appendix Figure 4. The Effect of Conflict Durations on Financial Sentiment and Real Consumption 25

Appendix Figure 5. The Effect of Conflict Durations on Macroeconomic Expectations, incl. consumer Fixed Effects 26