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shocks on bank credit provided, implying its role in multiplying the impact of shocks on real variables. Surprisingly EPU of …
Persistent link: https://www.econbiz.de/10012392584
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This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary …-switching vector autoregressive model (MS-VAR, where the EPU is averaged over the months to produce quarterly values) and a Markov … highlight the importance of using high-frequency values of the EPU, and not averaging them to obtain quarterly values, when …
Persistent link: https://www.econbiz.de/10011443536
This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary …-switching vector autoregressive model (MS-VAR, where the EPU is averaged over the months to produce quarterly values) and a Markov … highlight the importance of using high-frequency values of the EPU, and not averaging them to obtain quarterly values, when …
Persistent link: https://www.econbiz.de/10011554324
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