Really Uncertain Business Cycles
收藏NBER2012-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18245
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资源简介：
We propose uncertainty shocks as a new shock that drives business cycles. First, we demonstrate that microeconomic uncertainty is robustly countercyclical, rising sharply during recessions, particularly during the Great Recession of 2007-2009. Second, we quantify the impact of time-varying
提供机构：
美国国家经济研究局
创建时间：
2012-07-01
