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The timing of uncertainty shocks in a small open economy
Armelius, Hanna; Hull, Isaiah; Köhler, Hanna Stenbacka - 2016
impulse response functions for GDP growth than shocks to the US index. In particular, a one standard deviation shock to the … shock to the US index delivers its maximum impact with a one-quarter delay. Other foreign proxies, such as the EU and German …
Persistent link: https://www.econbiz.de/10011574319
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The Timing of Uncertainty Shocks in a Small Open Economy
Armelius, Hanna; Hull, Isaiah; Stenbacka Köhler, Hanna - 2020
impulse response functions for GDP growth than shocks to the US index. In particular, a one standard deviation shock to the … shock to the US index delivers its maximum impact with a one-quarter delay. Other foreign proxies, such as the EU and German …
Persistent link: https://www.econbiz.de/10014122872
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Which External Shock Matters in Small Open Economies? US Economic Policy Uncertainty vs. Global Risk Aversion
Kim, Youngju - 2019
shocks. These results suggest that the channels through which each shock is transmitted to SOEs may vary …
Persistent link: https://www.econbiz.de/10012897918
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The impact of external uncertainty shocks on the Korean economy
Kim, Junhyong - In: KDI-journal of economic policy 47 (2025) 1, pp. 19-66
In this paper, we analyze the impact of external uncertainty shocks on the Korean economy, focusing on Russian geopolitical risks and U.S. monetary policy uncertainty. We find that increases in external uncertainties negatively affect the Korean macroeconomy, with a particularly pronounced...
Persistent link: https://www.econbiz.de/10015337684
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Uncertainty, Financial Frictions and Nominal Rigidities : A Quantitative Investigation
Cesa-Bianchi, Ambrogio - 2017
shock to the variance of aggregate total factor productivity(macro uncertainty) and to the dispersion of entrepreneurs …
Persistent link: https://www.econbiz.de/10012944962
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Monetary policy and uncertainty in an empirical small open-economy model
Justiniano, Alejandro; Preston, Bruce - In: Journal of applied econometrics 25 (2010) 1, pp. 93-128
Persistent link: https://www.econbiz.de/10008666813
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Which external shock matters in small open economies? : global risk aversion vs. US economic policy uncertainty
Kim, Youngju; Lim, Hyunjoon; Sohn, Wook - In: Japan and the world economy : international journal of … 54 (2020)
Persistent link: https://www.econbiz.de/10012502521
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Redistribution and Fiscal Uncertainty Shocks
Saijo, Hikaru - 2018
This paper studies the macroeconomic impact of an uncertainty shock about fiscal policy in a dynamic general … variables in a contraction that is generated by a fiscal uncertainty shock. This is because the limited capital market … participation model captures individual uncertainty about redistribution that is absent in representative agent models. When agents …
Persistent link: https://www.econbiz.de/10012917616
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Global risk and the dollar
Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2021
How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the international adjustment mechanism. First, we rely on high-frequency surprises in the price of gold to identify the effects of global risk shocks in a Bayesian Proxy VAR model. They...
Persistent link: https://www.econbiz.de/10012705529
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Regional Risksharing and Redistribution in the German Federation
Hepp, Ralf; von Hagen, Jürgen - 2005
We provide empirical estimates of the risksharing and redistributive properties of fiscal equalization among the states of the German federation. Fiscal equalization serves as a mechanism to insure state budgets against asymmetric revenue shocks, but provides almost no insurance against regional...
Persistent link: https://www.econbiz.de/10014062024