Balcilar, Mehmet; Gupta, Rangan; Jooste, Charl - In: Journal of Economic Studies 44 (2017) 2, pp. 282-293
volatility to evaluate the sign and size of uncertainty shocks. The authors use a nonlinear DSGE model to gain deeper insights … a contemporaneous decrease. The DSGE model shows that the size of the uncertainty shock matters – high uncertainty can … monetary policy uncertainty into South Africa using a stochastic volatility model and a nonlinear DSGE model. The results …
