This study uses Chinese firm export data to investigate the heterogeneous impact of economic policy uncertainty (EPU) faced by firms on export recovery, and then explores the moderating effect of the regional digital economy. We find that the rise in EPU due to external shocks weakens firms'...

This paper provides new evidence in support of the idea that bouts of optimism and pessimism drive much of US business cycles. In particular, we begin by using sign-restriction based identification schemes to isolate innovations in optimism or pessimism and we document the extent to which such...

"This paper provides new evidence in support of the idea that bouts of optimism and pessimism drive much of US business cycles. In particular, we begin by using sign-restriction based identification schemes to isolate innovations in optimism or pessimism and we document the extent to which such...