Related Books
Language: en
Pages:
Pages:
Type: BOOK - Published: 2014 - Publisher:
Micro- and macro-level evidence indicates that fluctuations in idiosyncratic uncertainty have a large effect on investment; the impact of uncertainty on investm
Language: en
Pages: 45
Pages: 45
Type: BOOK - Published: 2017-09-29 - Publisher: International Monetary Fund
Are uncertainty shocks a major source of business cycle fluctuations? This paper studies the effect of a mean preserving shock to the variance of aggregate tota
Language: en
Pages: 50
Pages: 50
Type: BOOK - Published: 2018 - Publisher:
We show how real and financial frictions amplify the impact of uncertainty shocks. We build a model with real frictions, and find adding financial frictions rou
Language: en
Pages: 26
Pages: 26
Type: BOOK - Published: 2013-12-02 - Publisher: International Monetary Fund
Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the s
Language: en
Pages: 60
Pages: 60
Type: BOOK - Published: 2006 - Publisher:
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on investment. Uncertainty increases real o
