Showing 1 - 10 of 32
collection, we develop and field a new monthly panel Survey of Business Uncertainty. The SBU began in 2014 and now covers about 1 …
Persistent link: https://www.econbiz.de/10012479906
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … "iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization … long-term panel with country fixed effects also supports modernization, in the sense of positive effects of per capita GDP …
Persistent link: https://www.econbiz.de/10012460366
We use a major new survey of UK firms, the Decision Maker Panel, to assess the impact of the June 2016 Brexit …
Persistent link: https://www.econbiz.de/10012480162
We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about future business growth, and...
Persistent link: https://www.econbiz.de/10012481613
Assessing the economic impact of the COVID-19 pandemic is essential for policymakers, but challenging because the crisis has unfolded with extreme speed. We identify three indicators - stock market volatility, newspaper-based economic uncertainty, and subjective uncertainty in business...
Persistent link: https://www.econbiz.de/10012481939
panel survey. Our estimates suggest that Covid-19 will reduce TFP in the private sector by up to 5% in 2020 Q4, falling back …
Persistent link: https://www.econbiz.de/10012482452
We use survey data on an opt-in panel of around 2,500 US small businesses to assess the impact of COVID-19. We find a …
Persistent link: https://www.econbiz.de/10012482532
Uncertainty appears to jump up after major shocks like the Cuban Missile crisis, the assassination of JFK, the OPEC I oil-price shock and the 9/11 terrorist attack. This paper offers a structural framework to analyze the impact of these uncertainty shocks. I build a model with a time varying...
Persistent link: https://www.econbiz.de/10012465265
This paper develops a new instrumental-variable (IV) approach to estimate the effects of different exchange rate regimes on bilateral outcomes. The basic idea is that the characteristics of the exchange rate regime between two countries (exchange rate variability, fixed or float, autonomous or...
Persistent link: https://www.econbiz.de/10012469268
business cycles. Exploiting our long panel of data from 1975 to 2020 we find wide heterogeneity in the exposure of different …
Persistent link: https://www.econbiz.de/10012533420