This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary …

estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty … and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …

a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty … and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …

a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty … and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …

non-risk-weighted bank capital ratio (i.e. a positive impact on bank leverage), while these effects have strengthened … some degree of uncertainty. For these and other reasons, coordination of the two policies is necessary to avoid an …