Are uncertainty shocks aggregate demand shocks
Sign Up to like & getrecommendations! Published in 2018 at "Economics Letters"
DOI: 10.1016/j.econlet.2018.03.029
Abstract: This note considers the Leduc and Liu (JME, 2016) model and studies the effects of their uncertainty shock under different Taylor-type rules. It shows that both the responses of real and nominal variables highly depend… read more here.
Keywords: aggregate demand; uncertainty; demand shocks; shocks aggregate ... See more keywords