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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Cesa-Bianchi, Ambrogio
Rannpháirtithe: Corugedo, Emilio Fernandez
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2017.
Sraith:IMF Working Papers; Working Paper ; No. 2017/211
Rochtain ar líne:Full text available on IMF