Uncertainty is bad for Business. Really? - Archive ouverte HAL Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2023

Uncertainty is bad for Business. Really?

Francisco Serranito
Nicolas Himounet
  • Fonction : Auteur
Julien Vauday
  • Fonction : Auteur

Résumé

A growing empirical literature on how to measure uncertainty has emerged following the 2007-2008 financial crisis. We investigate the impact of uncertainty shocks according to their nature, applying local projection methods in a nonlinear framework. More precisely, we investigate the impact of uncertainty shocks according to their nature (nonfinancial and financial) in different regimes of general uncertainty: high, moderate and low. We get a positive and significant effect of the nonfinancial uncertainty shocks when the general level of uncertainty is high or moderate.
Fichier principal
Vignette du fichier
WP_EcoX_2023-26.pdf (1.61 Mo) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-04219283 , version 1 (27-09-2023)

Identifiants

  • HAL Id : hal-04219283 , version 1

Citer

Francisco Serranito, Nicolas Himounet, Julien Vauday. Uncertainty is bad for Business. Really?. 2023. ⟨hal-04219283⟩
3 Consultations
22 Téléchargements

Partager

Gmail Facebook X LinkedIn More