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Measuring Geopolitical Risk Exposure Across Industries: A Firm-Centered Approach

Isabel Culver, Friederike Niepmann and Leslie Sheng Shen
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Leslie Sheng Shen: https://www.federalreserve.gov/econres/leslie-shen.htm

No 2025-08-29-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Business sentiment shapes real outcomes. Firms respond not only to hard data but also act on how they perceive risks and uncertainty. A growing literature shows that shifts in business sentiment can meaningfully affect investment, employment, and firm performance, even when fundamentals are unchanged.

Date: 2025-08-29
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-08-29-2

DOI: 10.17016/2380-7172.3882

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