Uncertainty Shocks
Uncertainty shocks in emerging economies:a global to local approach for identification
... of uncertainty shocks, in this section we limit our attention to the response of GDP to such ...domestic uncertainty by 1 unit) and respectively the GDP variance decomposition estimates for each ...
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International Business Cycles and Risk Sharing with Uncertainty Shocks and Recursive Preferences
... (uncertainty) shocks. Most theoretical models with volatility shocks are closed economy models (see survey by Bloom ...volatility shocks in open ...
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Uncertainty shocks in a model of effective demand : comment
... demand uncertainty shocks with a similar size as BB, but that occurs because the larger standard deviation effectively widens the influence of the ...risk shocks following Gourio ...preference ...
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Uncertainty shocks: it's a matter of habit
... Uncertainty shocks: it’s a matter of habit Bonciani, Dario European University Institute.[r] ...
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What Drives Business Cycle Fluctuations: Aggregate or Idiosyncratic Uncertainty Shocks?
... s’ shocks with ...firm uncertainty measures, they appear to co-move with production in opposite directions over certain stages of the business cycle, with a large (small) firms ’ shock having a positive ...
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Financial regimes and uncertainty shocks
... in‡ation. Uncertainty shocks are de‡ationary for instance in the models of Christiano et ...demand shocks, but they are in‡ationary in Villaverde et ...high uncertainty on future demand and ...
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Three essays on uncertainty: real and financial effects of uncertainty shocks
... inflation uncertainty might be related with euro area inflation uncertainty because of the close trade partnership, financial connectedness, and political bonds as the members of the European Union ...the ...
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Download Download PDF
... policy uncertainty has emerged in much of the recent economic debate in the ...of uncertainty in an economy and its consequences has had a long and distinguished recognition in the history of economic ...
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Trade and uncertainty
... an uncertainty shock varies considerably across these sectors, but in a manner consistent with predictions from ...to uncertainty shocks diminishes towards ...to uncertainty shocks, ...
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Insolvency Regimes and Firms' Default Risk Under Economic Uncertainty and Shocks
... policy uncertainty and its implications for real-sector outcomes, equity market responses, and bank credit ...policy uncertainty tends to be associated with adverse macroeconomic performance in the form of ...
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A new economic policy uncertainty index for Spain (584 KB)
... Policy Uncertainty (EPU) index for Spain, building on the infl uential methodology of Baker, Bloom and Davis (2016), and compare it with the EPU for Spain that these authors ...of uncertainty shocks ...
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Impact of Global Uncertainty on the Global Economy and Large Developed and Developing Economies
... Global uncertainty shocks are associated with a sharp decline in global inflation, growth and interest ...financial uncertainty forecasts ...Global uncertainty shocks exhibit more ...
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TIME-VARYING MACROECONOMIC IMPACTS OF GLOBAL ECONOMIC POLICY UNCERTAINTY TO A SMALL OPEN ECONOMY: EVIDENCE FROM INDONESIA
... policy uncertainty shocks to a small open ...policy uncertainty developed by Baker et ...policy uncertainty shocks lead to a reduction in prices, interest rate, and trade balance in all ...
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An estimated dynamic stochastic general equilibrium model of the euro area. NBB Working Paper Nr. 35
... distribution was based on previous estimation outcomes and trials with a very weak prior. The distribution of the autoregressive parameters in the “technology and preference” shocks is assumed to follow a beta ...
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The magnitude of the macroeconomic impact of oil price: the case of BRICS
... Remarkably, interest rates are not likely to be affected either by oil price changes or by positive shocks. This might be due to the excessive Brazilian interest rates. According to the IMF (2012), Brazil has ...
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Nonparametric identification of dynamic multinomial choice games: unknown payoffs and shocks without interchangeability
... private shocks with shocks that can be dependent across alternatives 3 and have different marginal ...private shocks are independent over time and across ...
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DauchySeegert inequality
... transitory shocks than against permanent income ...income shocks has alternatively been explained by the macroeconomic literature as resulting from imperfect markets either due to the existence of private ...
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Managing uncertainty in obesity
... Are we ignorant about our own health? Managing uncertainty in obesity? Diseases in the overweight is the growing health issue around the world and is reaching epidemic proportions in some nations. Body fat ...
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How Do Different Oil Price Shocks Affect the Relationship Between Oil and Stock Markets?
... price shocks have negligible effect on dynamic correlation between oil and stock markets and changes in correlation series may be due to the changes in other variables affected from shocks or other ...
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Technology, structural change and BOP constrained growth: A structuralist toolbox
... of shocks and policies based on how they affect the supply-side and demand-side parameters of the model; thirdly, it links more closely (Post-) Keynesian macroeconomics with the evolutionary microeconomics of ...
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