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We build a new empirical model to estimate the global impact of an increase in the volatility of US monetary policy … setting, we find that US interest rate uncertainty not only drives local output and in ation volatility, but also causes … declines in output, in ation, and the interest rate. Moreover, we document strong global impacts, making the world move in a …
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also called "global risk indicators". The MSCI (Morgan Stanley Capital International) Emerging Markets Index, which is the … and used as a benchmark. Therefore, in this study, the relationship between the MSCI EM Index and the global risk … global risk indicators to the MSCI EM Index were determined. …
Persistent link: https://www.econbiz.de/10013368196
The paper illustrates how one may assess our comprehensive uncertainty about the various relations in the entire chain from human activity to climate change. Using a modified version of the RICE model of the global economy and climate, we perform Monte Carlo simulations, where full sets of...
Persistent link: https://www.econbiz.de/10012769638
The paper illustrates how one may assess our comprehensive uncertainty about the various relations in the entire chain from human activity to climate change. Using a modified version of the RICE model of the global economy and climate, we perform Monte Carlo simulations, where full sets of...
Persistent link: https://www.econbiz.de/10012464221