Kamara, Ahmed; Koirala, Niraj P. - In: Economies : open access journal 11 (2023) 1, pp. 1-19
This paper assesses whether the impact of monetary policy uncertainty on the U.S. economy has changed over time …. Estimating a Time-Varying Parameter Vector Autoregressive model on U.S. data from 1985Q1 to 2022Q3, we find that uncertainty … market variables, such as stock prices and dividends, responded more significantly to uncertainty shocks during the Asian …
