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Uncertainty shocks and business cycle research

We review the literature on uncertainty shocks and business cycle research. First, we motivate the study of uncertainty shocks by documenting the presence of time-variation in the volatility of macroeconomic time series. Second, we enumerate the mechanisms that researchers have postulated to link un...

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Detalles Bibliográficos
Autores principales: Fernández-Villaverde, Jesús, Guerrón-Quintana, Pablo A.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7309899/
https://www.ncbi.nlm.nih.gov/pubmed/32834716
http://dx.doi.org/10.1016/j.red.2020.06.005