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Busetti, Fabio; Caivano, Michele; Delle Monache, Davide; … - 2020

Persistent link: https://www.econbiz.de/10012300712

Communicating Data Uncertainty : Multi-Wave Experimental Evidence for UK GDP

Galvão, Ana; Mitchell, James - 2021

Economic statistics are commonly published without any explicit indication of their uncertainty. To assess if and how the UK public interprets and understands data uncertainty, we conduct two waves of a randomized controlled online experiment. A control group is presented with the headline point...

Persistent link: https://www.econbiz.de/10013309959

Empirical analysis under additive, multiplicative output uncertainty

Alghalith, Moawia - 2003

Persistent link: https://www.econbiz.de/10001740385

Policy Uncertainty and Long-Run Investment and Output Across Countries

Jeong, Byeongju - 2010

I explore how and and to what extent policy uncertainty can account for the observed long-run cross-country differences in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy-related investment cost is uncertain. Holding the...

Persistent link: https://www.econbiz.de/10014198834

Inflation Targeting Under Potential Output Uncertainty

Gaiduch, Victor; Hunt, Benjamin F. - 2002

In this paper, measures of the uncertainty surrounding estimates of New Zealand's potential output are used to consider whether the output gap is a useful concept for the monetary authority to base policy actions on. The analysis relies on stochastic simulations of the Reserve Bank of New...

Persistent link: https://www.econbiz.de/10014112842

Policy Uncertainty and Long-Run Investment and Output Across Countries

Jeong, Byeongju - 2004

I present a model economy where policy uncertainty creates short-term bias in investment and leads to a higher capital price and lower long-run investment and output. I conduct a calibration exercise using a set of industry-level investment data across countries. Between the lowest-income and...

Persistent link: https://www.econbiz.de/10014116125

Optimal Robust Monetary Policy with Parameters and Output Gap Uncertainty

Grasso, Adriana; Traficante, Guido - 2021

This paper studies optimal robust monetary policy when the central bank imperfectly observes potential output and has Knightian uncertainty about the intertemporal elasticity of substitution and the slope of the Phillips curve. The literature on optimal robust monetary policy has focused on...

Persistent link: https://www.econbiz.de/10013218621

Better Risk Sharing Through Monetary Policy? : The Financial Stability Case for a Nominal GDP Target

Beckworth, David - 2019

risk that would exist if there were widespread use of state-contingent debt securities (Koenig, 2013; Sheedy, 2014 … the theory: those countries whose NGDP stayed closest to its expected pre-crisis growth path during the crisis should have …

Persistent link: https://www.econbiz.de/10012897082

Risk Price Decomposition and the Output Gap

Sakemoto, Ryuta - 2022

We employ a time-varying risk price model that allows us to track the change in risk prices. We find that the output … gap generates the time-varying market and momentum risk prices, but the exposures to the output gap have the opposite … signs. In contrast, we do not observe that the output gap is linked to time variations of value and investment risk prices …

Persistent link: https://www.econbiz.de/10014236129

Output smoothing in EMU and OECD : can we forego government contribution? : a risk sharing approach

Marinheiro, Carlos Fonseca - 2003

the near future. The research finds no evidence of large differences in the patterns of risk sharing for the 19 OECD …

Persistent link: https://www.econbiz.de/10011509508