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A comprehensive measure of economic uncertainty, known as "Policy Uncertainty", which was constructed by the Economic Policy Uncertainty Group by searching popular newspapers for uncertain terms associated with economic factors and its impact on macro variables, is gaining momentum. Although...
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risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint … into account leads to ambiguous effects w.r.t. to the impact of capital as well as inflation risk, thus contradicting …
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risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint … ambiguous effects w.r.t. to the impact of capital market risk as well as inflation risk, which is due to the interplay of … response to positive changes in inflation risk and capital market risk, respectively, with both effects lasting permanently. …
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