The Finance Uncertainty Multiplier
收藏NBER2018-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24571
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资源简介：
We show how real and financial frictions amplify, prolong and propagate the negative impact of uncertainty shocks. We first use a novel instrumentation strategy to address endogeneity in estimating the impact of uncertainty by exploiting differential firm exposure to exchange rate, policy, and
提供机构：
美国国家经济研究局
创建时间：
2018-05-01
