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Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our …We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards, building on the approach … index rises around contested national elections and major leadership transitions in Japan, during the Asian financial crisis …
Persistent link: https://www.econbiz.de/10012901838
Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our …We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards, building on the approach … index rises around contested national elections and major leadership transitions in Japan, during the Asian financial crisis …
Persistent link: https://www.econbiz.de/10012955957
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach … index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis … and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan's recent …
Persistent link: https://www.econbiz.de/10012455270
Persistent link: https://www.econbiz.de/10013331881
The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …-related uncertainty reduces corporate investment through increases in precautionary savings or to worsening of credit conditions. …
Persistent link: https://www.econbiz.de/10012612566
Theory as well as empirics suggest that both the level and the volatility of uncertainty impact important economic variables. There is a need to extend models of uncertainty to the volatility of uncertainty. We analyse the dynamics of the Economic Policy Uncertainty index developed by (Baker et...
Persistent link: https://www.econbiz.de/10013323381
that increases in TPU reduce investment and activity using both firm-level and aggregate macroeconomic data. We interpret … reduce investment and activity …
Persistent link: https://www.econbiz.de/10012065127
Persistent link: https://www.econbiz.de/10011666854
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach … index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis … and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan's recent …
Persistent link: https://www.econbiz.de/10011704620
We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore's (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA), empirical...
Persistent link: https://www.econbiz.de/10013060551