Measuring Firm-Level Uncertainty

Maria D. Tito
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Maria D. Tito: https://www.federalreserve.gov/econres/maria-d-tito.htm

No 2017-04-07, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Ample empirical research documents the negative effect of uncertainty on economic activity. Unexpected changes in macroeconomic conditions or doubts about the direction of future policy tend to be associated with lower capital investments, reduced hiring, and slower consumer spending. This article proposes an alternative and more general time-varying measure of firm-level uncertainty, the ex post forecast error.

Date: 2017-04-07
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2017-04-07

DOI: 10.17016/2380-7172.1966

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