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Uncertainty traps

Fajgelbaum, Pablo D.; Schaal, Edouard; … - 2014

Persistent link: https://www.econbiz.de/10010353315

Uncertainty traps

Fajgelbaum, Pablo D.; Schaal, Edouard; … - 2014

Persistent link: https://www.econbiz.de/10010346669

Uncertainty Traps

Fajgelbaum, Pablo - 2014

We develop a theory of endogenous uncertainty and business cycles in which short-lived shocks can generate long-lasting recessions. In the model, higher uncertainty about fundamentals discourages investment. Since agents learn from the actions of others, information flows slowly in times of low...

Persistent link: https://www.econbiz.de/10012458691

Uncertainty traps

Fajgelbaum, Pablo D.; Schaal, Edouard; … - In: The quarterly journal of economics 132 (2017) 4, pp. 1641-1692

Persistent link: https://www.econbiz.de/10012036101

Risk news shocks and the business cycle

Pinter, Gabor; Theodoridis, Konstantinos; Yates, Anthony - 2013

Persistent link: https://www.econbiz.de/10010357110

Risk sharing, indivisible labor and aggregate fluctuations

Cho, Jang-ok; Rogerson, Richard Donald - 1990 - Rev

Persistent link: https://www.econbiz.de/10000801174

Intrinsic uncertainty and extraneous uncertainty : sunspot equilibria and periodic cycles under fundamental shocks

Fukuda, Shin-ichi - 1993

Persistent link: https://www.econbiz.de/10000143116

Uncertainty Shocks in a Model of Effective Demand : Comment

Richter, Alexander W.; De Groot, Oliver; Throckmorton, … - 2018

three changes to the model—recalibration, a risk-premium shock, and a disaster risk-type shock—to try and restore their …Basu and Bundick (2017) show a second moment intertemporal preference shock creates meaningful declines in output in a … sticky price model with Epstein and Zin (1991) preferences. The result, however, rests on the way they model the shock. If a …

Persistent link: https://www.econbiz.de/10014121010

Uncertainty Shocks and Business Cycle Research

Fernández-Villaverde, Jesús; Guerrón-Quintana, Pablo A. - 2022

We review the literature on uncertainty shocks and business cycle research. First, we motivate the study of uncertainty shocks by documenting the presence of time-variation in the volatility of macroeconomic time series. Second, we enumerate the mechanisms that researchers have postulated to...

Persistent link: https://www.econbiz.de/10014101580

Shock persistence, uncertainty and news-driven business cycles

Lee, Kevin; Shields, Kalvinder K.; Turnip, Guido - 2022

Persistent link: https://www.econbiz.de/10013465756