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prices, equity prices and interest rates. Uncertainty shocks cause deeper recessions in Continental Europe (except Germany …) than in Anglo-Saxon countries. This pattern is compatible with the view that continental Europe still suffers from …
Persistent link: https://www.econbiz.de/10011691548
prices, equity prices and interest rates. Uncertainty shocks cause deeper recessions in Continental Europe (except Germany …) than in Anglo- Saxon countries. This pattern is compatible with the view that continental Europe still suffers from …
Persistent link: https://www.econbiz.de/10012110907
This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector autoregressive (MF-MSVAR) model, and compare its in-sample and...
Persistent link: https://www.econbiz.de/10011443536
In light of the rising political and economic uncertainty in Europe, we aim to provide a basic understanding of the … shows a fairly consistently negative effect on the real economy in Europe. However, the implications of economic policy … uncertainty for Europe and the Euro area in particular are not so straightforward. It seems as if policy uncertainty raises …
Persistent link: https://www.econbiz.de/10011662699
In light of the rising political and economic uncertainty in Europe, we aim to provide a basic understanding of the … shows a fairly consistently negative effect on the real economy in Europe. However, the implications of economic policy … uncertainty for Europe and the Euro area in particular are not so straightforward. It seems as if policy uncertainty raises …
Persistent link: https://www.econbiz.de/10011761787
kategorieübergreifende Unsicherheits-Spillover-Effekte zwischen den USA und Japan. Dabei betrachten wir sowohl wirtschaftspolitische …-WPU-Spillover zwischen den USA und Japan sowohl zeit- als auch kategorieabhängig ist. Dabei fungieren im Laufe des Untersuchungszeitraums …
Persistent link: https://www.econbiz.de/10011954058
This paper proposes a novel approach to decompose the Economic Policy Uncertainty indices of European countries into the common and country-specific components using the time-varying total connectedness. Then, by employing a Bayesian panel VAR model, we assess how common and country-specific...
Persistent link: https://www.econbiz.de/10015069591
In this paper we investigate transmission and spillovers of local and foreign economic policy uncertainty shocks to unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we deploy Bayesian Markov-switching structural vector...
Persistent link: https://www.econbiz.de/10011437769
This paper analyses the interdependence of policy uncertainty from 1985 to 2017 across six different categories of US economic policy: Monetary, fiscal, healthcare, national security, regulatory, and trade policy. To this end, we apply the Diebold and Yilmaz (2012, 2014) connectedness index...
Persistent link: https://www.econbiz.de/10011799682
, and South Korea) using a quantile vector autoregression (QVAR) model-based spillover estimation approach of Balcilar et al …
Persistent link: https://www.econbiz.de/10012549189