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This paper quantifies the finance uncertainty multiplier (i.e., the magnifying effect of the real impact of uncertainty shocks due to financial frictions) by relying on two historical events related to the US economy, i.e., the large jump in financia
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::26db4b4ab1de0aafd183cec2e322e455
http://hdl.handle.net/11577/3411223
http://hdl.handle.net/11577/3411223
Publikováno v:
Economics Letters
We estimate a VAR with world-level variables to simulate the effects of the Covid-19 outbreak-related uncertainty shock. We find a peak (cumulative over one year) negative response of world output of 1.6% (14%).
Highlights • We estimate a VAR
Highlights • We estimate a VAR