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This paper analyzes the drivers of international waves in capital flows. We build on the literature on “sudden stops” and “bonanzas” to develop a new methodology for identifying episodes of extreme capital flow movements using quarterly data on gross inflows and gross outflows,...
Persistent link: https://www.econbiz.de/10009579602
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macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investor than for an uninformed investor. Simulation of the model suggests that when macroeconomic uncertainty is high … investors during a period of high macroeconomic uncertainty. -- …
Persistent link: https://www.econbiz.de/10013132094
macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investor than for an uninformed investor. Simulation of the model suggests that when macroeconomic uncertainty is high … investors during a period of high macroeconomic uncertainty …
Persistent link: https://www.econbiz.de/10013132196
In this paper, we examine whether newly developed crypto price and policy uncertainty indices based on news coverage … impurity measure) of the model. While the COVID-19 pandemic has exacerbated the occurrence of bubbles, these crypto uncertainty …
Persistent link: https://www.econbiz.de/10014258417
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important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary … policy in the presence of uncertainty about the natural unemployment rate, the short-run inflation-unemployment tradeoff and …, uncertainty provides a motive for the policymaker to move more cautiously than she would if she knew the true parameters. In the …
Persistent link: https://www.econbiz.de/10009765348
macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investor than for an uninformed investor. Simulation of the model suggests that when macroeconomic uncertainty is high … investors during a period of high macroeconomic uncertainty. -- Parameter uncertainty ; investor information ; option value …
Persistent link: https://www.econbiz.de/10003794455
macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investor than for an uninformed investor. Simulation of the model suggests that when macroeconomic uncertainty is high … investors during a period of high macroeconomic uncertainty. -- Parameter uncertainty ; investor information ; option value …
Persistent link: https://www.econbiz.de/10003905028
Persistent link: https://www.econbiz.de/10009711563