Uncertainty, Financial Frictions and Nominal Rigidities : A Quantitative Investigation /
Are uncertainty shocks a major source of business cycle fluctuations? This paper studies the effect of a mean preserving shock to the variance of aggregate total factor productivity (macro uncertainty) and to the dispersion of entrepreneurs' idiosyncratic productivity (micro uncertainty) in a f...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2017.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2017/211 |
| On-line přístup: | Full text available on IMF |