Kumar, Saten; Gorodnichenko, Yuriy; Coibion, Olivier - 2022
Using a new survey of firms in New Zealand, we document how exogenous variation in the macroeconomic uncertainty … macroeconomic uncertainty of some firms. The effects on their decisions relative to their initial plans as well as relative to an … technologies or open new facilities. These ex-post effects of uncertainty are similar to how firms say they would respond to higher …