Does uncertainty affect real activity? Evidence from state-level data
Sign Up to like & getrecommendations! Published in 2018 at "Economics Letters"
DOI: 10.1016/j.econlet.2018.03.026
Abstract: 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 nd that increases in uncertainty do have an adverse impact… read more here.
Keywords: state level; real activity; uncertainty;
Do loan subsidies boost the real activity of small firms?
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2020.105988
Abstract: Abstract We investigate the effects of subsidized loans on the real activity of small firms. Despite the lack of theoretical consensus, subsidized loans have been considered or used in many countries after the global financial… read more here.
Keywords: subsidized loans; loan; real activity; small firms ... See more keywords
A Simple Explanation of Countercyclical Uncertainty
Sign Up to like & getrecommendations! Published in 2024 at "American Economic Journal: Macroeconomics"
DOI: 10.1257/mac.20220134
Abstract: This paper documents that labor search and matching frictions generate countercyclical uncertainty because the inherent nonlinearity in the flow of new matches makes employment uncertainty increasing in the number of people searching for work. Quantitatively,… read more here.
Keywords: real activity; simple explanation; countercyclical uncertainty; explanation countercyclical ... See more keywords