shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …. Uncertainty does not only impact that country where the shock originates but also has large cross-border effects. In that respect … the responses of national variables to a (foreign) uncertainty shock, indicating evidence of an international business …

shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …. Uncertainty does not only impact that country where the shock originates but also has large cross-border effects. In that respect … the responses of national variables to a (foreign) uncertainty shock, indicating evidence of an international business …

Hinsicht vergleichen wir die Auswirkungen eines Unsicherheitsschocks in den USA und der Eurozone. Unseren Ergebnissen zufolge … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …. Uncertainty does not only impact that country where the shock originates but also has large cross-border effects. In that respect …

in the Euro Area. In both cases, using higher-moment restrictions significantly sharpens identification. After a shock to …

economy, namely a demand shock and a shock to bank capital. The main findings of the paper are as follows: i) Impulse …-response analysis shows that in response to a shock to bank capital, banks boost capital ratios by reducing their relative exposure to …) Historical shock decomposition analysis shows that bank capital shocks have contributed to increasing capital ratios since the …

model. We find that a union aggregate systemic risk shock results in a sharp decline in output, with two thirds of the …This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR … importance in spreading systemic risk compared to core countries. Then, we incorporate high-frequency monetary surprises into the …