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uncertainty, subjective uncertainty about future business growth, and disagreement among professional forecasters about future … gross domestic product growth. Three results emerge. First, all indicators show huge uncertainty jumps in reaction to the … forecaster disagreement about UK growth. Third, time paths also differ: implied volatility rose rapidly from late February and …
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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...
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