Does uncertainty affect real activity? Evidence from state-level data

被引：31

作者：

Mumtaz, Haroon ^{[1
]}

机构：

[1] Queen Mary Coll, London, England

来源：

ECONOMICS LETTERS | 2018年 / 167卷

关键词：

Uncertainty shocks; Instrumental variables; US states;

D O I：

10.1016/j.econlet.2018.03.026

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We use variation in the effect of US-wide or global uncertainty on state-level uncertainty to identify the impact of this shock on real activity. We find that increases in uncertainty do have an adverse impact on real income, employment and unemployment. Thus, uncertainty shocks can be a source of economic fluctuations. (C) 2018 Elsevier B.V.All rights reserved.

引用

页码：127 / 130

页数：4

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