Hauzenberger, Niko; Böck, Maximilian; Pfarrhofer, Michael - 2018
assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent … quantity during estimation. Only a limited number of contributions to the literature estimate uncertainty and its macroeconomic … consequences jointly, and most are based on single country models. We analyze the special case of a shock restricted to the Euro …