Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10014438337
In this paper, we analyse the effects of a shock to global fnancial uncertainty and risk aversion on real economic activity. To this end, we extract a global factor, which explains approximately 40% of the variance of about 1000 risky asset returns from around the world. We then study how shocks...
Persistent link: https://www.econbiz.de/10011904378
Persistent link: https://www.econbiz.de/10012795195
Persistent link: https://www.econbiz.de/10012693932
Persistent link: https://www.econbiz.de/10014472080