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of the Economic Policy Uncertainty (EPU) on returns of four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Ripple …. For this purpose, two new measures of the EPU (Twitter-based Economic Uncertainty and Twitter-based Market Uncertainty … cryptocurrencies during these periods. These results are robust to consider different measures of the Twitter-based uncertainty as well …
Persistent link: https://www.econbiz.de/10012827031
Deep-seated, persistent uncertainty is a pernicious feature of climate change. One key parameter, equilibrium climate … for over thirty-five years. The marginal damages due to temperature increase rise rapidly. Thus, uncertainty in climate … known to be close to a mean value 3.0°C. The costs of this uncertainty are compounded given that the distribution of …
Persistent link: https://www.econbiz.de/10014126044
uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule …
Persistent link: https://www.econbiz.de/10014041072
Persistent link: https://www.econbiz.de/10001665186
knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory …
Persistent link: https://www.econbiz.de/10010274186
knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory …
Persistent link: https://www.econbiz.de/10003867227
This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...
Persistent link: https://www.econbiz.de/10009786017
uncertainty over climate change and its impact, why there is so much uncertainty, and why we will continue to face uncertainty in … the near future. I also explain the policy implications of climate change uncertainty. First, the uncertainty … stronger actions to reduce CO2 emissions. Second, uncertainty interacts with two kinds of irreversibilities. First, CO2 remains …
Persistent link: https://www.econbiz.de/10012225170
In this paper, we conduct an empirical study of how uncertainty alters fertility behavior. The precautionary motive for … saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We … examine this prediction using a new measure of economic uncertainty, the World Uncertainty Index and focus on data from 126 …
Persistent link: https://www.econbiz.de/10012508583
We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...
Persistent link: https://www.econbiz.de/10013050233