Popescu, Adina; Smets, Frank - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 4, pp. 596-626
This article investigates the business cycle behaviour of measures of perceived uncertainty and financial risk premia … in Germany over the past two decades. Both the perceived uncertainty and the financial risk premia are highly … shocks have a significantly small but temporary effect on output and financial risk premia and their overall contribution to …