Demand shocks and Uncertainty
Uncertainty shocks in a model of effective demand : comment
... aggregate demand shocks driven by changes in intertemporal preferences have become commonplace in macroeconomists’ ...Intertemporal uncertainty shocks in combination with recursive preferences ...
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A Theory of Demand Shocks
... There is a vast literature that studies cycles due to shifts in expectations in models with increasing returns and multiple equilibria. 7 There are some common elements and some differ- ences between that literature and ...
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The impact of uncertainty shocks on the volatility of commodity prices
... policy uncertainty shocks have a negative impact in stock-market returns, with the effect being more persistent in periods of extreme stock-market ...policy uncertainty and stock-market returns and ...
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Structural oil price shocks and policy uncertainty
... oil shocks provides information on how the structural oil price shocks have contributed to economic policy uncertainty over ...supply shocks to economic policy uncertainty is relatively ...
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Oil Price Shocks, Firm Uncertainty and Investment
... price shocks in the ...firm-specific uncertainty has a long-term impact on investment ...specific uncertainty as the existence of a real option value for firm managers regarding investment ...
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The Impact of Uncertainty Shocks
... = (P R L ; F C L ; QC L ; P R K ; F C K ; QC K ; ; L ; H;H ; L ). The other thirteen parameters are based on values in the data and literature, and are displayed in Table 2 below. 27 The prede…ned parameters outlined in ...
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Uncertainty and the Pandemic Shocks
... It is important to note that the above-mentioned structural differences are not due to a lack of financial wealth held by the EMU’s households with respect to the US’ households. As shown in Table 3, in terms of its GDP, ...
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Financial regimes and uncertainty shocks
... high uncertainty on future demand and marginal costs makes it costly for …rms to underprice their products, and this introduces a (precautionary) upward bias in their pricing ...standard demand ...
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Health Shocks and the Demand for Annuities
... unforeseen income, and vary only s, the unforeseen expense in the sick state. Some results are shown in Tables 1 and 2. With relative risk aversion σ = 2, initial wealth A 1 normalized to 1, interest rate r = 0.25, ...
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Essays in Macroeconomics with Frictions and Uncertainty Shocks
... housing demand of patient households and subprimers ...lowered demand leads to sharp drop in housing ...housing demand shifts down more than patient households’ ...
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The Impact of Uncertainty Shocks in Emerging Economies
... and uncertainty concludes that monetary and fiscal policy have very limited effectiveness during periods of ...increase demand, lower the cost of financing, and provide liquidity to firms that would seek to ...
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The propagation of uncertainty shocks: Rotemberg versus Calvo
... Uncertainty shocks have two effects on firms: an aggregate demand effect and a precaution- ary pricing effect, as pointed out by Fern ´andez-Villaverde et ...Increased uncertainty induces ...
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News and uncertainty shocks
... for uncertainty, which is the 11th variable in the ...Macroeconomic uncertainty measures are typically re- lated to the forecasting uncertainty of macroeconomic variables, such as real GDP and the ...
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Are Credit Shocks Supply or Demand Shocks?
... credit shocks seems to have become stronger in recent ...credit shocks in driving business cycle fluctuations since the early 1990s has made it easier to identify the long run effects on ...supply ...
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Uncertainty, shocks and rural livelihoods
... For Building Stronger Universities in Developing Countries (BSU): Growth and Employment (GEP) Page | 8 Annex B: LFA for the project on Agricultural Value Chain.. DESCRIPTION INDICATO[r] ...
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Supply shocks, demand shocks, and labor market fluctuations
... that demand-side shocks must play an important role in driving the cycle and are used as empirical support for models that depart from the RBC stan- dard by incorporating nominal rigidities and other ...of ...
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Supply shocks, demand shocks, and labor market fluctuations
... considers shocks to labor productivity as the source of ‡uctuations, some authors invoke the responses to other shocks as a potential resolution (see Silva and Toledo, ...di¤erent shocks are ...
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Demand shocks and economic fluctuations
... of demand side shocks in DSGE models, following the pioneering work of Baxter and King (1991) and Hall ...models, demand side shocks (such as preference shocks to consumption ...
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Uncertainty and the Demand for Redistribution
... In the case of the first redistribution question - identifying respondents who answer ‘yes’ to restrict the income of the rich - expenditure has a negative and significant coefficient. Greater household expenditure is ...
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Uncertainty shocks: it's a matter of habit
... the uncertainty shocks induce a more than proportional fall in the main macroeconomic ...an uncertainty shock hitting the economy during a recessionary regime raises precautionary sav- ings more than ...
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