Showing 1 - 10 of 5,011
positive return interdependence between BTC and EPU is high in the short term, and this dependence decreases as investment … correlation between BTC and EPU is positive during a short-term investment horizon. Finally, the frequency domain Breitung and … Candelon causality test is applied, and results show the evidence of insignificant causality between Bitcoin and EPU. Overall …
Persistent link: https://www.econbiz.de/10013368334
Many commentators argue that uncertainty about tax, spending, monetary and regulatory policy slowed the recovery from the 2007-2009 recession. To investigate this we develop a new index of economic policy uncertainty (EPU), built on three components: the frequency of newspaper references to...
Persistent link: https://www.econbiz.de/10013064762
between firm-level capital investment and the aggregate level of uncertainty associated with future policy and regulatory … outcomes. More importantly, we find evidence that the relation between policy uncertainty and capital investment is not uniform … in the cross section, being significantly stronger for firms with a higher degree of investment irreversibility and for …
Persistent link: https://www.econbiz.de/10012974775
The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …-related uncertainty reduces corporate investment through increases in precautionary savings or to worsening of credit conditions. …
Persistent link: https://www.econbiz.de/10012612566
Theory as well as empirics suggest that both the level and the volatility of uncertainty impact important economic variables. There is a need to extend models of uncertainty to the volatility of uncertainty. We analyse the dynamics of the Economic Policy Uncertainty index developed by (Baker et...
Persistent link: https://www.econbiz.de/10013323381
Does economic policy uncertainty affect household stockholding? To answer this question we create a novel measure of household exposure to economic policy uncertainty news by combining survey information on the hours a household spends in reading newspapers and the frequency of such news in the...
Persistent link: https://www.econbiz.de/10012901498
Does economic policy uncertainty affect household stockholding? To answer this question we create a novel measure of household exposure to economic policy uncertainty news by combining survey information on the hours a household spends in reading newspapers and the frequency of such news in the...
Persistent link: https://www.econbiz.de/10011804056
This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp … investment deceleration has sparked an intense debate about the role of interest rates, as well as business confidence and … economic policy uncertainty. Our results suggest that while explaining aggregate investment activity better than nominal …
Persistent link: https://www.econbiz.de/10013055667
Using listed firms of Japan, this paper examines the changes of R&D investment decisions during high economic policy … uncertainty. Following the methodology of Bloom (2007), we find that firms are more responsive to their previous R&D investment …&D investment during high uncertainty. Finally, firms which use nomination committees, which allows more outside directors to join …
Persistent link: https://www.econbiz.de/10014350943
, consumption and investment after two years around 0.5%, 0.3% and 1.5% respectively. Uncertainty on the other economic policies has …
Persistent link: https://www.econbiz.de/10009790714