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Globally, the rise of new and unexpected risks and shocks has impacted stable and poor societies alike, and some, especially the latter, have become increasingly dysfunctional. The Philippines is peculiarly challenged to build economic resilience as indicated by its high-risk exposure and...
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We constructed a new index of global uncertainty using the first principal component of the stock market volatility for the largest 15 economies. We evaluate the impact of global uncertainty on the global economy using the new global database from Global Economic Indicators (DGEI), Federal...
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find that a one standard deviation shock to macroeconomic uncertainty generates declines in state-level total factor …
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oil-price shock and the 9/11 terrorist attack. This paper offers a structural framework to analyze the impact of these … data. The parameterized model is then used to simulate a macro uncertainty shock, which produces a rapid drop and rebound … investment and hiring. Productivity growth also falls because this pause in activity freezes reallocation across units. In the …
Persistent link: https://www.econbiz.de/10012751817
oil-price shock and the 9/11 terrorist attack. This paper offers a structural framework to analyze the impact of these … data. The parameterized model is then used to simulate a macro uncertainty shock, which produces a rapid drop and rebound … investment and hiring. Productivity growth also falls because this pause in activity freezes reallocation across units. In the …
Persistent link: https://www.econbiz.de/10012465265