Using Disasters to Estimate the Impact of Uncertainty
收藏NBER2020-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27167
下载链接
链接失效反馈官方服务：
资源简介：
Uncertainty rises in recessions and falls in booms. But what is the causal relationship? We construct cross-country panel data on stock market returns to proxy for first- and second-moment shocks and instrument these with natural disasters, terrorist attacks, and political shocks. Our IV regression
提供机构：
美国国家经济研究局
创建时间：
2020-05-01
