Measuring Global and Country Specific Uncertainty is popular PDF and ePub book, written by Ezgi O. Ozturk in 2017-10-30, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Measuring Global and Country Specific Uncertainty can be Read Online from any device for your convenience.
Measuring Global and Country Specific Uncertainty Book PDF Summary
Motivated by the literature on the capital asset pricing model, we decompose the uncertainty of a typical forecaster into common and idiosyncratic uncertainty. Using individual survey data from the Consensus Forecasts over the period of 1989-2014, we develop monthly measures of macroeconomic uncertainty covering 45 countries and construct a measure of global uncertainty as the weighted average of country-specific uncertainties. Our measure captures perceived uncertainty of market participants and derives from two components that are shown to exhibit strikingly different behavior. Common uncertainty shocks produce the large and persistent negative response in real economic activity, whereas the contributions of idiosyncratic uncertainty shocks are negligible.
Detail Book of Measuring Global and Country Specific Uncertainty PDF
- Author : Ezgi O. Ozturk
- Release : 30 October 2017
- Publisher : International Monetary Fund
- ISBN : 9781484316597
- Genre : Business & Economics
- Total Page : 41 pages
- Language : English
- PDF File Size : 7,8 Mb
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