Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
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Uncertainty about the future rises in recessions. But is uncertainty a source of business cycles or an endogenous response to them, and does the type of uncertainty matter? We propose a novel SVAR identification strategy to address these questions via inequality constraints on the structural shocks.
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美国国家经济研究局创建时间：
2015-12-01
